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Hoover: All men are equal before fish.

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deminks Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Dec-02-08 07:54 AM
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Hoover: All men are equal before fish.
The more things change, the more they stay the same.

http://www.pbs.org/wgbh/amex/crash/timeline/index.html

1653

Dutch colonists construct a wooden stockade across lower Manhattan to protect the north side of their settlement against attacks by the British and Indians. By the turn of the 18th century, the British have taken over the colony and dismantled the barrier, turning it into a paved lane called Wall Street.

(snip)

1836

September 12: The N.Y.S.E. bars its members from conducting business in the streets.

(snip)

1907

October 21: Rumors of financial problems at a leading New York bank trigger investors to run on banks throughout the city, beginning the Panic of 1907. J. P. Morgan devises a plan to return cash to banks, saving the country from its most severe financial crisis to date.

(snip)

1929

October 24: "Black Thursday." The economic bubble finally bursts. Stock prices fall sharply on a day of heavy liquidation. Ticker tape runs four hours later than normal at a volume of 12.9 million shares. Headlines will report the market's paper loss at $5 billion. A pool of bankers act to stem the drop by putting more money into the market, and President Hoover reassures Americans that U.S. business is sound. Within a few days, a headline will read, "Brokers Believe Worst is Over and Recommend Buying of Real Bargains."

(snip)

1931

January 7: A report released by the Committee for Unemployment Relief states that over four million Americans are unemployed.

(end snips)

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