Welcome to Flag Steward's
Stories from Our Flag
for Thursday, October 29, 2020
Stories from Our Flag
for Thursday, October 29, 2020
[ Photo credit: at Daniels Park in Douglas Cty, CO (w/ Pikes Peak standing tall 40+ miles away) - taken by S. Sweeney / Flag Steward ]
[ CLICK HERE to see Half-Staff alert details, including pics, of Honorees ]
Today's Story from Our Flag
"Black Tuesday" of the Wall Street Crash of 1929
"Black Tuesday" of the Wall Street Crash of 1929
The Dow Jones Industrial Average (stock market) fell 13% of "Black Monday" and then dropped another 12% on "Black Tuesday" (October 29, 1929). This stock crash (sell-off of stocks) at Wall Street in New York City signaled the end of the roaring 1920s and the beginning of the Great Depression in America during the 1930s. The stock market continued to sink in value until it reached its low point in 1932, an 89% drop in less than 3 years. And, it took the stock market (DJIA - Dow Jones Industrial Average) 22 years, until 1954, to finally rise back up to the peak value it had in September of 1929 before the crash.
Quote from Our Flag
... describing how the Great Crash happened ...
"We are reaping the natural fruit of the orgy of speculation in which millions of people have indulged.
It was inevitable, because of the tremendous increase in the number of stockholders in recent years,
that the number of sellers would be greater than ever when the boom ended and selling took the place of buying."
-Albert Wiggin, President of Chase National Bank
... describing how the Great Crash happened ...
"We are reaping the natural fruit of the orgy of speculation in which millions of people have indulged.
It was inevitable, because of the tremendous increase in the number of stockholders in recent years,
that the number of sellers would be greater than ever when the boom ended and selling took the place of buying."
-Albert Wiggin, President of Chase National Bank
And, now it's time to ...
Recite the Pledge of Allegiance
Recite the Pledge of Allegiance
Students across America, at school or at home, informed of the dangers of speculation (guessing) with money and stocks (ownership of companies), as seen by the Great Crash of 1929, let's unite and state together ...
Thanks for participating in today's U.S. Flag tribute.
This is Sean Sweeney, a fellow Flag Steward, signing-off:
Go out and 'be a stud citizen' today
Keep America Beautiful, and remember,
In God We Trust
This is Sean Sweeney, a fellow Flag Steward, signing-off:
Go out and 'be a stud citizen' today
Keep America Beautiful, and remember,
In God We Trust
In God We Trust
(Official motto of the United States of America)
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FINALLY! - TEXT (National & State) Half-Staff Alerts:
CLICK HERE to sign-up for National and State-targeted Half-Staff Flag Alert TEXT Notifications
(Many prefer this text alert service because within the Flag Steward app, we CANNOT deliver state-targeted half-staff notifications)
This is a FREE service powered by Flag Steward's nonprofit
CLICK HERE to sign-up for National and State-targeted Half-Staff Flag Alert TEXT Notifications
(Many prefer this text alert service because within the Flag Steward app, we CANNOT deliver state-targeted half-staff notifications)
This is a FREE service powered by Flag Steward's nonprofit
Flag Steward (formerly known as Beacon of Honor and originally incorporated as GivingVu.org, Inc. in 2013) is a nonpartisan, student-inspired, Veteran-led 501(c)(3) tax-deductible nonprofit organization based in Highlands Ranch, Colorado. Tax ID# 46-2457373