Permanent historical factsheet

Federal Reserve Response to Stock Market Crash

United States of America · Economy / Stock Market. Chronological records rendered directly from the World History Database.

1Records
1929Date range
1Named people
1Places

Chronological records

1929

Roy Archibald Young28 October 1929

Washington · Economy / Stock Market

During the severe stock-market break, the Federal Reserve System works to preserve financial liquidity as the New York Reserve Bank uses open-market operations and the discount window to meet extraordinary demands for funds.

Names involved

Roy Archibald Young

Provenance

This factsheet is generated from stored World History Database records matching the country, broad category, detailed category and exact Event value shown above. Duplicate display records are collapsed; database wording is otherwise preserved. Source provenance varies by record, so formal academic citation should be checked against the relevant primary source, archive or specialist historical reference.