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 Company Building), 40 Wall Street (The Trump Building), 55 Wall Street (the former world headquarters of Citicorp), the New York Stock Exchange at the corner of Broad Street and the US headquarters of Deutsche Bank at 60 Wall Street. The Deutsche Bank building (formerly the J.P. Morgan headquarters) makes Deutsche Bank the last remaining major investment bank to have its headquarters on Wall Street. The older skyscrapers often were built with elaborate facade, which have not been common in corporate architecture for decades; the nearby World Trade Center, built in the 1970s, was very plain and utilitarian in comparison. Excavation