October 29, 1901: President William McKinley's assassin, Leon Czolgosz, was executed. He shot McKinley on Sept. 6; the President died eight days later.
October 29, 1929: The stock market crashed. President Herbert Hoover, not wanting to call it a "panic" (like other downturns), called it a "depression." It was more than that. It was a "Great Depression." The stock market eventually collapsed 89 percent, unemployment reached 25 percent by 1933, wages fell 60 percent and poverty swept across the land. The Great Depression really did not end until a dozen years later, when the U.S. entered World War II. Head here to see The New York Times' front page from the stock market crash.
Quote of the Day
"We in America today are nearer to the final triumph over poverty than ever before in the history of any land. The poorhouse is vanishing from among us." — Herbert Hoover
More from West Wing Reports...
THE WEEK'S AUDIOPHILE PODCASTS: LISTEN SMARTER
- The U.S. Marines are developing laser weapons. Here's why.
- 43 TV shows to watch in 2014
- Why the Supreme Court is allowing Texas to hold an unconstitutional election
- 3 horrific inaccuracies in Homeland's depiction of Islamabad
- How 1,000-year lifespans could remake the economy
- 6 things the happiest families all have in common
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- Ban PowerPoint!
- It's time to kill school picture day
- Gamergate has backfired spectacularly on its nincompoop perpetrators
Subscribe to the Week