1920s: In the world of finance, the Dow Jones
Industrial Average hits 381. A period of general prosperity for the country (except for the farmer), the government adopts a "laissez-faire" attitude towards big business. This policy ends with the collapse of the economy following October 29, 1929, the stock market crash, when $30 billion disappears, a sum equal to what the war cost America.
Today: The Dow Jones Industrial Average reaches 7,000, as Federal Reserve Chairman Alan Greenspan keeps a steady watch on the burgeoning economy and cautions investors of the ever-present possibility of high inflation and interest rates that could adversely affect the market. The Securities and Exchange Commission and Banking Acts established by Franklin Delano Roosevelt's Administration set the precedent for improved vigilance in the stock market.
1920s: The German dirigible, Graf Zeppelin, arrives.....
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