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 bombing agitation in the United States. The Wall Street bomb killed more people than the 1910 bombing of the "Los Angeles Times", which was the deadliest act of terrorism on U.S. soil up to that point. The death toll was exceeded in the Tulsa Race Riot in 1921. At noon, a horse-drawn wagon passed by lunchtime crowds on Wall Street and stopped across the street from the headquarters of the J.P. Morgan bank at 23 Wall Street, on the Financial District's busiest corner. Inside the wagon, of dynamite with of heavy, cast-iron sash weights exploded in a timer-set detonation, sending the