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Britannica On This Day October 29 2023
Britannica On This Day October 29 2023
by Paul Sun 29 Oct 2023, 5:47 am
This Day in History: October 29
1929
Collapse of U.S. stock market prices
Just five days after nearly 13 million shares of U.S. stock were sold in one day in 1929, an additional 16 million shares were sold this day, called “Black Tuesday,” further fueling the crisis known as the Great Depression.
Great Depression
economy
Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world. Its social and cultural effects were no less staggering, especially in the United States, where the Great Depression represented the harshest adversity faced by Americans since the Civil War.
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Richard Dreyfuss
American actor
Richard Dreyfuss, original name Richard Stephan Dreyfus, (born October 29, 1947, Brooklyn, New York, U.S.), American film actor known for his portrayals of ordinary men driven to emotional extremes.
After spending his early childhood in Brooklyn and Queens, New York, Dreyfuss moved with his family to California, where he began acting in plays at the West Side Jewish Community Center in Beverly Hills, California. He studied drama for a year at San Fernando Valley State College, Northridge, California, and shortly thereafter he won a recurring role on the short-lived television series Karen (1964). During the late 1960s and early ’70s Dreyfuss acted mostly onstage in everything from repertory theatre to Broadway shows, and he landed occasional small roles on television. Bit parts in Valley of the Dolls (1967) and The Graduate (1967) led to his first major screen appearance, as gangster Baby Face Nelson in Dillinger (1973), for which he received critical praise.
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Featured Event
1929
Collapse of U.S. stock market prices
Just five days after nearly 13 million shares of U.S. stock were sold in one day in 1929, an additional 16 million shares were sold this day, called “Black Tuesday,” further fueling the crisis known as the Great Depression.
Great Depression
economy
Great Depression, worldwide economic downturn that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world, sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory. Although it originated in the United States, the Great Depression caused drastic declines in output, severe unemployment, and acute deflation in almost every country of the world. Its social and cultural effects were no less staggering, especially in the United States, where the Great Depression represented the harshest adversity faced by Americans since the Civil War.
see all related content
Featured Biography
Richard Dreyfuss
American actor
Richard Dreyfuss, original name Richard Stephan Dreyfus, (born October 29, 1947, Brooklyn, New York, U.S.), American film actor known for his portrayals of ordinary men driven to emotional extremes.
After spending his early childhood in Brooklyn and Queens, New York, Dreyfuss moved with his family to California, where he began acting in plays at the West Side Jewish Community Center in Beverly Hills, California. He studied drama for a year at San Fernando Valley State College, Northridge, California, and shortly thereafter he won a recurring role on the short-lived television series Karen (1964). During the late 1960s and early ’70s Dreyfuss acted mostly onstage in everything from repertory theatre to Broadway shows, and he landed occasional small roles on television. Bit parts in Valley of the Dolls (1967) and The Graduate (1967) led to his first major screen appearance, as gangster Baby Face Nelson in Dillinger (1973), for which he received critical praise.
see all related content
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