On October 29, 1929, Black Tuesday hits Wall Street as investors trade 16,410,030 shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression. After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929. The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America’s banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce. Find the Depression at the library and on hoopla
On October 29, 1966, “96 Tears” becomes a #1 hit for the enigmatic and influential ? and the Mysterians Many critics and fans of ? and the Mysterians regard “96 Tears” as a record of seminal importance—a garage-rock masterpiece worthy of the ultimate accolade in certain hipster circles: the label “proto-punk.” Certainly the genesis of both the band and the record fit neatly within punk’s D.I.Y. ethos. The Mysterians took shape in 1962 when four Mexican-American teenagers from Saginaw, Michigan, began playing instrumental music inspired by the surf bands like the Ventures and by the loud, raw sound of the legendary guitarist Link Wray. Taking their name from a Japanese science fiction movie involving invaders from another planet, the Mysterians soon made the acquaintance of their own alleged alien—a young man in sunglasses who approached them after a gig at Michigan’s Mt. Holly Ski Lodge offering to manage the group. Identifying himself to the Mysterians only as “?,” this young man would soon become the group’s lead singer and primary songwriter. It was a poem of his called “Too Many Teardrops” that became “96 Tears.” Find Question Mark and the Mysterian on hoopla and Freegal.