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
14 Wall Street 14 Wall Street 14 Wall Street, originally the Bankers Trust Company Building, is a skyscraper at 14 Wall Street at the corner of Nassau Street and running through to Pine Street in the Financial District of Manhattan in New York City. It sits across Nassau Street from Federal Hall National Memorial, across Wall Street from the New York Stock Exchange and diagonally across from the original headquarters of J. P. Morgan & Company. It was built in 1910-12 and was designed by Trowbridge & Livingston in the neoclassical style as the headquarters for Bankers Trust. An addition with Art Deco