Alabama Textual Materials Collection

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Alabama Textual Materials Collection

Subject: depressions--1929

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- "Stock Collapse Hits Cotton, Grain."
- 1929-10-24
- "Staple Off $2.50 a Bale and Wheat Declines 12 Cents." This article reports stock market conditions on "Black Thursday," when "Stocks were again dumped on the market in terrific volume...and wall Street trading facilities were completely swamped."...
- 2010-01-25
- "Stock Market Suffers Swiftest Decline Experienced in Years."
- 1929-10-24
- This article describes the stock market decline on October 23: "The stock market suffered the swiftest and most hair raising drop in recent financial history today, a sweeping decline far more drastic than anything yet experienced in this modern...
- 2010-01-25
- "Bell Rings and Roar of Stock Market Subsides."
- 1929-10-25
- This article describes reaction to "Black Thursday," October 24, 1929; according to the author, the atmosphere of the stock exchange was mostly calm and businesslike while the public on the street was in a frenzy: "Looking down from the meager...
- 2010-01-25
- "Wall Street Is Under Guard of Reserve Police."
- 1929-10-25
- This article reports that the police commissioner of New York has ordered over five hundred extra patrolmen and detectives to Wall Street to protect the area from possible chaos during the stock market decline. The commissioner has also warned...
- 2010-01-25
- "Rush of Selling Brings History's Wildest Market."
- 1929-10-25
- This article gives a lively account of the stock market collapse on October 24 ("Black Thursday"): "The remarkable era of avid public speculation in stocks which has swept over the country during the past five years came to a climax today in the...
- 2010-01-25
- "Conditions Good, Says President."
- 1929-10-26
- This article reports that the nation's financial condition is sound despite the stock market crash on October 24 ("Black Thursday"): "The fundamental business of the country is on a sound and profitable basis, President Hoover asserted Friday, in a...
- 2010-01-25
- "Back to Normalcy."
- 1929-10-26
- This article argues that the stock market crash was inevitable because "the country had gone speculation mad"; while the country will suffer "painful consequences," the author predicts that "the shock will not be so severe as it has been on former...
- 2010-01-25
- "Many Issues Fall to Low Levels on Wave of Selling."
- 1929-10-28
- This article, written the day before "Black Tuesday," reports that "prices broke wide open" in the stock market during the day: "Many of the leaders sold close to the low levels established in last Thursday's dramatic collapse in prices, and some...
- 2010-01-25
- "Stocks Dip to Lows After Rally from Panicky Sales."
- 1929-10-29
- This article reports than an Iowan senator has predicted nationwide panic and bankruptcy because of the ongoing declines on Wall Street. The article also describes stock market conditions after "Black Tuesday," mentioning efforts by financial...
- 2010-01-25
- "The Agree That Business is Sound."
- 1929-10-29
- This article reports that the country's financial leaders do not believe that the stock market crash will have long-lasting negative effects on business: "All business and industrial leaders and all persons in official positions whose opinion is...
- 2010-01-25
- "Prices Collapse As Stock Mart Goes 'Haywire.'"
- 1929-10-29
- This article reports that stock prices have continued to fall after the crash on October 24 ("Black Thursday"). Though financial leaders who met to discuss the matter seem to take "a more hopeful view of the situation," the floor of the stock...
- 2010-01-25
- "Crash May Liven Business."
- 1929-10-30
- "Many Branches Of Trade To Be Benefited, View Of Fiscal Officials." This article suggests that the recent stock market crash will benefit many businesses because of resulting "easy money rates, accompanied by a rejuvenated bond market and a...
- 2010-01-25
- "Stocks Rise on Buying Wave."
- 1929-10-31
- "Stocks Go Up as Mart Is Steadied." This article reports "turbulent buying operations" in the stock market after the "frenzied selling of the past week." This activity was driven by people taking advantage of low stock prices after the recent crash.
- 2010-01-25
- Letter from a delegation of the Unemployed Councils of Alabama, to Governor Benjamin Miller and the state legislature.
- 1931
- In the letter the men describe the "widespread unemployment and great misery" affecting the citizens of the state, and they complain that the legislature is not discussing any programs to meet the needs of the poor ("All the so called economy...
- 2011-01-13
- Letter from T. Arnold Hill of the National Urban League in New York, to Governor Benjamin Miller in Montgomery, Alabama.
- 1931-01-01
- In the letter Hill, director of the League's Department of Industrial Relations, encourages Governor Miller to give African Americans employment opportunities in the public works projects that will be funded through recent federal legislation: "It...
- 2009-09-15
- Telegram from the Elba Lions Club to Governor Benjamin Miller in Montgomery, Alabama.
- 1931-09-05
- In the message the club members suggest that the governor issue a proclamation asking all businesses in the state to refrain from laying off any employees: "...instead if necessity demands it that wages be cut or number of working hours or days be...
- 2011-01-13
- Letters between M. H. Sterne in Birmingham, Alabama, and Governor Benjamin Miller in Montgomery, Alabama.
- 1932-05
- In the first letter, written May 13, 1932, Sterne suggests that "there is no form of relief through public works so quick or that will mean so large a percentage of disbursements for labor as road building." He has noticed that pending legislation...
- 2009-09-15
- Letter from Harry D. Pitchford in Okmulgee, Oklahoma, to Governor Benjamin Miller in Montgomery, Alabama.
- 1932-09-21
- In the letter Pitchford mentions a plan he has developed to assist the unemployed during the winter. He has enclosed a copy of this proposal, which suggests that voters donate articles of food and clothing when they go to the polls for the November...
- 2009-09-15
- Letter from Simon Tricksey, Sr., in Sunflower, Alabama, to Governor Benjamin Miller, and the response written by John H. Peach, Governor Miller's legal advisor.
- 1933-07
- In the first letter, written July 7, 1933, Tricksey explains that he is an African American with a large family to support. He has just lost his job with the Reconstruction Finance Corporation, and he asks the governor to help him get employment or...
- 2009-09-15
- Letter from Mrs. David Smoot in Vida, Alabama, to Governor Benjamin Miller in Montgomery, Alabama.
- 1933-07-13
- In the letter Mrs. Smoot explains that her fourteen-year-old daughter will soon lose her job because of recent legislation addressing child labor: "Monday President Roosevelt's new rule for textile mills becomes effective and while it is a...
- 2009-09-15