Wall Street Crash of 1929 for harvest in the Mississippi Valley. This oversupply caused a drop in wheat prices so heavy that the net incomes of the farming population from wheat were threatened with extinction. Stock markets are always sensitive to the future state of commodity markets, and the slump in Wall Street predicted for May by Sir George Paish arrived on time. In June 1929, the position was saved by a severe drought in the Dakotas and the Canadian West, plus unfavorable seed times in Argentina and eastern Australia. The oversupply would now be wanted to fill the big gaps in the 1929 world
Wall Street terms. One needs to understand that they have a value system which is not only logical to them, but also reflective of North America's values of individual power, prestige, and social practices based on individualism. For example, throughout the 1940s and into the 1950s Manhattan was a "white-only" community. Within that time period, there was a lot of racial segregation. The values of America and the social practices were not like they are today, so African Americans were not within the Wall Street community. Many people associated with Wall Street have become famous; although in most cases their reputations are