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‘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.’ What disastrous event was president of Chase National Bank Albert H. Wiggin (1868-1951) describing?

Answer: The Wall Street Crash in 1929. The stock market crash saw share prices on the New York Stock Exchange collapse, bringing about the Great Depression. Historians and financiers pointed to the huge number of speculative investors as a cause of the economic downturn.

Source: Charles D. Ellis and James R. Vertin, Wall Street People: True Stories of the Great Barons of Finance

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1908 – King Carlos I of Portugal and his heir, Prince Luis Filipe are assassinated by Republican sympathizers in Lisbon.

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A short, sharp hit of history in video format. Acclaimed Irish playwright and novelist Oscar Wilde was the toast of London society in the 1890s until things came decidedly unstuck through an association with a young British aristocrat, Lord Alfred Douglas, known as ‘Bosie’.

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I was born in Huanggang, China, in 1908.
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After the war I initially avoided politics, but later became minister of defence in 1959. In 1968 I replaced Liu Shaoqui (1898-1969) as the heir apparent to Mao Zedong (1893-1976).
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HistoryWow’s Highlighted Historical Quotation

“In Russia a man is a called reactionary if he objects to having his property stolen and his wife and children murdered.”

Winston Churchill (1874-1965), British statesman

Source: The Wicket Wit of Winston Churchill by Dominique Enright

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HistoryWow’s Featured Historical Figure of Note

Marcus Porcius Cato (234-149BCE)

Roman statesman, soldier and writer of virtue, simplicity and wisdom. He condemned the luxury of his time and was nicknamed “the censor”. He became Consul in 195BCE, took part in the defeat of Hannibal at Zama, held command in Sardinia and Spain, and in 191 BCE assisted the Greeks in overthrowing Antiochus III at Thermopolyae.

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