On This Day - What happened 20 September 1929 AD

On September 20 1929, the Liberal Alliance launched their candidates for the presidential elections: Getulio Vargas as candidate for President and João Pessoa Cavalcanti de Albuquerque as candidate for Vice President.

The London Stock Exchange crashes after the collapse of Hatry Group on charges of fraud and forgery. £24 million in value is wiped out. The collapse shakes the confidence of American investors in the security of overseas investments.