What happened November 1929 AD - Historydraft

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Eccles Building, Washington D.C., U.S.
Friday Nov 1, 1929
Great Depression
Federal Reserve begins lowering the discount rate
Eccles Building, Washington D.C., U.S.
Friday Nov 1, 1929
The Federal Reserve begins lowering the discount rate from its 6% level.

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New York City, New York, U.S.
Wednesday Nov 13, 1929
Great Depression
Stock market bottoms out at 198.60
New York City, New York, U.S.
Wednesday Nov 13, 1929
The stock market bottoms out at 198.60, followed by a bear market that would last until April 1930. Commodity prices, however, continue to decline steeply.

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