even decades later, the crash of 1929 is remembered as an unnecessary disaster, a market event that need not have led to economic collapse. What is not recalled is that people then, too, were confident about many of the same things that seem so reassuring today. | Web Special: The Crash of 1929 A BAD WEEK Read The New York Times' coverage of the 1929 stock market collapse. Monday, Oct. 28, 1929 By FLOYD NORRIS ● View the Front Page (113k) even decades later, the crash of 1929 is ● Wall Street Hums on remembered as an unnecessary disaster, a market the Day of Rest to Catch event that need not have led to economic collapse. Up on Work What is not recalled is that people then, too, were confident about many of the same things that seem so Tuesday, Oct. 29, 1929 reassuring today. ● View the Front Page (113k) ● Stock Prices Slump ``While bubbles $14,000,000,000 in Nation- that burst are Wide Stampede to scarcely benign, Unload; Bankers to the consequences Support Market Today need not be ● Decline in Crowds in catastrophic for the Trading Rooms economy,'' said ● Telephone Calls 5% Alan Greenspan, Above Normal the chairman of the The front page of the Oct. 30, 1929 New Federal Reserve York Times exclaimed the massive loss Wednesday, Oct. 30, Board, in on Wall Street. It also worked to ease 1929 congressional fear among panicked investors. ● View the Front Page testimony this •See the Full Front Page from The New (113k) summer. It was not York Times Learning Network ● Stocks Collapse in the crash, but Oct. 28 | Oct. 29 | Oct. 31 | Nov. 1 16,410,030-Share Day, ``ensuing failures but Rally at Close Cheers (1 of 3) [12/4/2002 1:12:01 AM] Web Special: The Crash of 1929 of policy'' that led to the Great Depression, he said. He Brokers; Bankers seemed confident that he could prevent similar errors if Optimistic, to Continue there were another crash, and recalled how the economy Aid had not been devastated by the 1987 crash. ● Reserve Board Finds Action Unnecessary While considering such self-confidence, it may be useful ● Crowds at Tickers See to recall an editorial published in The New York Times in Fortunes Wane the midst of the 1929 crash, on Oct. 26. It heaped scorn ● .
