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 Week 7, 1972 and was officially titled Wall $treet Week with Louis Rukeyser (W$W) during the 32 years he hosted from 1970 to 2002 (the "S" in "Street" was in the shape of a dollar sign). In June 2002, the show was modified, dropping Rukeyser and changing the name to Wall Street Week with Fortune. Rukeyser went on to host "Louis Rukeyser's Wall Street" on CNBC (cancelled on December 31, 2004 at Rukeyser's request due to continuing ill health), which was also distributed to PBS stations. Wall Street Week with Fortune, which was hosted by Geoff Colvin and former Fox News