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Article: Stock market crash in 1929 took a while to hit Page One.(COMMENTARY)
- Article from:
- Telegram & Gazette (Worcester, MA)
- Article date:
- January 15, 2009
CopyrightCOPYRIGHT 2009 Worcester Telegram & Gazette. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Albert B. Southwick
COLUMN: ALBERT B. SOUTHWICK
On Oct. 22, 1929, the Worcester Telegram ran a headline on its financial page:
STOCK MARKET COLLAPSE.
But the story didn't make it to the front page.
The next day after a brief rally on Wall Street, the newspaper tried to be cheery. "Brisk Recovery Develops," "Government Undisturbed by Stock Market" and "Financiers Swing Stocks Into Rally" were typical headlines.
But then came Black Thursday, Black Friday and Black Monday - Oct. 24 to 29 - during which the market lost half its listed value and financial people were beginning to grapple with the fact that the ...