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
The Wall Street Journal Asia The Wall Street Journal Asia The Wall Street Journal Asia, a version of "The Wall Street Journal", provides news and analysis of global business developments for an Asian audience. Formerly known as "The Asian Wall Street Journal", it was founded in 1976 and is printed in nine Asian cities: Bangkok, Hong Kong, Jakarta, Kuala Lumpur, Manila, Seoul, Singapore, Taipei, and Tokyo. Average circulation for 2011 was 83,421. Its largest markets in order of importance are: Hong Kong, Singapore, the Philippines, Japan, Thailand, South Korea, Indonesia, Taiwan, Malaysia, China, India, and Vietnam. The paper's main regional office is in Hong Kong,