Wall Street Crash of 1929 one aspect of the crash: It wiped out billions of dollars of wealth in one day, and this immediately depressed consumer buying. The failure set off a worldwide run on US gold deposits (i.e. the dollar), and forced the Federal Reserve to raise interest rates into the slump. Some 4,000 banks and other lenders ultimately failed. Also, the uptick rule, which allowed short selling only when the last tick in a stock's price was positive, was implemented after the 1929 market crash to prevent short sellers from driving the price of a stock down in a bear raid. The stock
Wall Street Crash (group) Wall Street Crash (group) Wall Street Crash were an English 6-piece (originally 8-piece) vocal group, formed in March 1980 by Keith Strachan. They performed in three "Royal Variety Shows", and appeared on many TV programmes in the 1980s, including The Morecambe and Wise Show and 3-2-1. Their version of the song You Don't Have to Say You Love Me reached number 8 in Italy in 1983. The group has been through a few changes in line-up, but some were still performing as late as 2005. Former members include Siobhan McCarthy who went on to play Evita and star in the