Wall Street Crash of 1929 rate of 133 in 1931). The 1929 crash brought the Roaring Twenties to a halt. As tentatively expressed by economic historian Charles P. Kindleberger, in 1929, there was no lender of last resort effectively present, which, if it had existed and been properly exercised, would have been key in shortening the business slowdown that normally follows financial crises. The crash marked the beginning of widespread and long-lasting consequences for the United States. Historians still debate the question: did the 1929 Crash spark The Great Depression, or did it merely coincide with the bursting of a loose credit-inspired economic bubble? Only
Wall Street officers managing risk and compliance functions earned as much as $324,000 annually in New York City in 2013. On October 29, 2012,—ironically, the 83rd anniversary of "Black Tuesday," the culmination of the disastrous Wall Street Crash of 1929—Wall Street was disrupted when New York and New Jersey, an area not normally known as a hotbed of hurricane activity the way that areas much further south are, were blasted by Hurricane Sandy. Its 14-foot-high storm surge, a local record, caused massive street flooding in many parts of Lower Manhattan. Power to the area was knocked out by a transformer explosion at