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 latent sexism of the male marriage proposal
- Bush vs. Clinton in 2016 is the perfect way to make millennials hate politics even more
- This judge is the reason we're still fighting over net neutrality
- 43 TV shows to watch in 2014
- After Ferguson: Stop deferring to the cops
- 10 things you need to know today: November 28, 2014
- How to be the most productive person in your office — and still get home by 5:30 p.m.
- The hilarious hypocrisy of Republicans complaining about the imperial presidency
- How to adopt the perfect rescue dog
- Diagnosing the Home Alone burglars' injuries: A professional weighs in
Subscribe to the Week