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 West transform its Seventeenth Street to become the "Wall Street of the Denver" as seen in an 1892 pamphlet in promoting the Equitable Building by the Equitable Life Assurance Society. Other buildings were constructed at other corners of the 17th Street such as the Boston Building in 1890 and the Ideal Cement Building in 1907. By that time, the 17th Street had been referred as "Wall Street of the West". After the Colorado National Bank (First National Bank) was constructed in 1911, it reaffirmed its central business district's Wall Street status. The 17th Street was also called "Wall Street of the