Famous & Infamous 29’s

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Infamous: Stock Market Crash poster

The Infamous—Merely a coincidence.

Stock Market Crash

After peaking in early September, the Dow Jones began to crash on October 24, “Black Thursday.” A record 12.9 million shares were traded. Several leading Wall Street bankers met and strategized on how to halt the slide by pooling their resources. Their efforts proved to be in vain, as on October 29 “Black Tuesday,” the DJIA lost 12% with a new record 16.4 million shares traded.

Although Stock Market Crash suicides were greatly exaggerated, the events of those days in October did lead to the deaths of several prominent investors, including J.J. Riordan. Riordan was president of the County Trust Company, and took a pistol from a teller's cage at his bank, went to his home in downtown Manhattan, and shot himself.

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