Wall Street Lays An Egg Wall Street Lays An Egg Wall Street Lays An Egg describes a headline printed in "Variety", a newspaper covering Hollywood and the entertainment industry, on October 30, 1929, over an article describing Black Tuesday, the height of the panic known as the Wall Street Crash of 1929 (the actual headline text was WALL ST. LAYS AN EGG). It is one of the most famous headlines ever to appear in an American publication and continues to be noted in history books into the 21st century. "Laying an egg" is an American idiom, current particularly in 20th century show business, meaning "failing
Wall Street century meant a huge boom in business for New York City, since it was the only major eastern seaport which had direct access by inland waterways to ports on the Great Lakes. Wall Street became the "money capital of America". Historian Charles R. Geisst suggested that there has constantly been a "tug-of-war" between business interests on Wall Street and authorities in Washington, D.C., the capital of the United States by then. Generally during the 19th century Wall Street developed its own "unique personality and institutions" with little outside interference. In the 1840s and 1850s most residents moved further uptown to