Academic

Yesterday in 1930

By Kim Krawiec

From the excellent blog, News from 1930, which provides a daily news summary based on the author?s reading of the Wall Street Journal from the corresponding day in 1930.  Yesterday?s entry had some gems:

Tuesday, September 16, 1930: Dow 236.62 -3.72 (1.5%)

Today is 10th anniversary of deadly bombing at Wall and Broad Streets; bomb exploded 12:01PM, closing Stock Exchange and almost all financial operations. [For more on the bombing, see the FBI?s headline archives, from which the photo at right is taken]

German elections result in National Socialist (Fascist) party gaining sharply to 107 seats vs. 12 formerly, and Communists 76 vs. 54 (total seats in Reichstag are about 576, and largest party is Social Democrats with 143).

623-year old lawsuit between Romanian cities of Feldioara and Sorkutza over possession of grazing land adjourned for new testimony.

Reports of depression are difficult to square with ever-increasing numbers of stockholders, strong bond prices, and last but not least ?the unabated rush in the subway. ... Business has fallen off, but the country is now so rich that 1930 will probably go down in history as a 'good bad year.'?

Full post as published by The Faculty Lounge on September 17, 2009 (boomark / email).