Black Tuesday in 1929; Indonesia Suffers

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October 28   Black Tuesday Heralds the Great Depression; Indonesia Suffers Twin Disasters Dear Readers, On Oct. 29, 1929, the New York Stock Exchange closed down 12.8 percent, marking the end of the Bull Market of the 1920s and the beginning of the Great Depression. During the late 1920s, the American stock market thrived as stock prices rose to unprecedented levels, and Americans began to withdraw their savings from banks and invest in the stock market. In September 1929, the Dow Jones Industrial Average peaked at 381 points, and then began to fall. As quickly as investors rushed into the market, they panicked and got out. On Black Tuesday (October 29) more than 16 million shares were traded. The Dow Jones Industrial Average lost another 12 percent to a level little more than half its high. Many prominent American financial institutions collapsed. Black Tuesday was one of the dominoes that led to the Great Depression. The economy continued to suffer until 1933 when the New Deal began to restore the integrity of the financial system. On October 29, 1938, Ellen Johnson-Sirleaf was born. In 2006, she was elected president of Liberia, the first woman elected president of an African nation. Students will draw great inspiration from our article, "Women of Honor: Writers Who Won't Be Silenced," about five dissident writers from around the world who continue to write and report, at grave risk to their safety. Our series of biographies from Ancient Civilization continues with Hannibal, Carthaginian Military Leader. Highlights from SweetSearch2Day: In the past week, Indonesia suffered through both an earthquake and tsunami, and a volcanic explosion. No one capture pictures of events such as these better than The Big Picture (note: some of the photos have a warning sticker; they contain dead bodies). The Washington Post's TimeSpace is "a map and timeline interface that displays thousands of media items from from around the globe. The interactive map allows users to explore the world and see where news is happening and possibly stumble upon stories or photos they might not have seen otherwise. " Each day, we link to TimeSpace: World, but there are others available on the site. Sincerely, Mark E. Moran Founder & CEO findingDulcinea | encontrandoDulcinea | SweetSearch | findingEducation

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