Black Tuesday
OCTOBER 29, 1929 -
Stock prices at the New York Stock Exchange tumbled
as the United States
experienced the most devastating market crash in history. The decade leading up
to the crash was a time of wealth and excess across the country and stock
market values had reached an artificial and unsustainable level. The entire
month of October saw declining stock values, but the dramatic drop on October 29th
earned that day the designation of "Black Tuesday" and triggered the Great
Depression.
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Rumble in the Jungle
OCTOBER 30, 1974 - Muhammad Ali knocked out George Foreman in the eighth round
of a fight held in the African nation of Zaire and regained his title of World Heavyweight
Champion. Always a controversial figure,
Ali was stripped of his heavyweight title in 1967 after he refused to be
drafted into the United States
military. Foreman, who had won the gold medal in the 1968 Olympics, had quickly
risen in the ranks of professional boxing and laid claim to the world champion
title after beating Joe Frazier in two rounds. The fight, nicknamed "The Rumble
in the Jungle," is considered to be one of the greatest fights in boxing
history. Ali was able to prevail over the younger and stronger Foreman by
executing a rope-a-dope strategy to wear down the powerful hitter. |
Spruce Goose Takes Flight
NOVEMBER 2, 1947 - Howard Hughes piloted his "Spruce Goose," the largest
aircraft ever built, on its first and only flight. Officially named the Hughes
H-4 Hercules, the aircraft was built alm  ost entirely of laminated birch, not
spruce as the nickname suggests. Development of the transport plane began in
1942 when the U.S. War Department was searching for a new way to move troops
and equipment safely over the Atlantic Ocean, which was
swarming with German U-boats. Due to
war-time restrictions on aluminum, the aircraft had to be constructed out of
wood. Production delays related to materials restrictions as well as Hughes'
eccentricity resulted in the aircraft not being completed until well after the
war had ended. The aircraft is now on display at The Evergreen Aviation & Space Museum in McMinnville, Oregon. |
Ka-Ching
NOVEMBER 4, 1880 -
James Ritty received a patent for the first cash register.
Ritty, who operated a saloon in Dayton, Ohio,
had a problem with employees pocketing customer's money rather than depositing
it. While on a steamboat ship in Europe he became
fascinated with a device that counted the rotations of the ships
propeller. He wondered if he could
create a similar device to track cash transactions. His first two prototypes
were failures, but his third was a success and he began marketing the device as
"Ritty's Incorruptible Cashier." The design was sold a few years later to National Cash Register
Corporation.
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Anyone who bought stocks in mid-1929 and held onto them saw most of his or her adult life pass by before getting back to even. -- Richard M. Salsman |
History Quiz

Muhammad Ali was boxing's undisputed World Champion from
1974-1978 when he lost the title to which boxer? A. Ken
Norton B. Leon
Spinks
C. George
Foreman
D. Joe
Frazier Respond with the correct answer and be entered into a
drawing for 2 AMC Theatres movie tickets.
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