Great Depression - Minor recession begins
Time: Aug, 1929
Place: U.S.
Details: A minor recession begins, two months before the Stock Market Crash. Steel production and automobile & house sales notably decline, construction stagnates, and consumer debt was reaching dangerous levels on account of easy credit. Over $8.5 billion of margin loans for stocks were outstanding, worth more than all currency circulating in the United States at the time.
Related
Near
Great Depression-Federal Reserve's federal funds rate reaches 2%
Dec, 1930 - Eccles Building, Washington, D.C., U.S.
Great Depression-First major round of U.S. bank failures
Dec, 1930 - U.S.
Great Depression-Mini-stock market crash occurs
Monday Mar 25, 1929 - U.S.
Great Depression-Federal Reserve begins lowering the discount rate
Friday Nov 1, 1929 - Eccles Building, Washington D.C., U.S.
Great Depression-The 1930 recession
1930 - U.S.
August 1929
Brazilian Revolution of 1930-Forming The Liberal Alliance
Aug, 1929 - Brazil
1929
Mao Zedong-Mao and Zhu evacuated The Base
Jan, 1929 - Jiangxi, China
BMW-BMW became an automobile manufacturer
1929 - Munich, Germany
Louis Armstrong-Returned to New York
1929 - New York, U.S.
Franklin D. Roosevelt-A Governor
Tuesday Jan 1, 1929 - New York, U.S.
Brunei revolt-Discovering Oil
1929 - Seria, Brunei