An unstable world economy reaches its breaking point as investors on Wall Street trade 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, and the stock ticker ran several hours behind because of the furious level of trading.
Among other causes, the collapse was brought on by a period of wild speculation, the proliferation of debt, and an exce... Read more >
Ring of Dire
Before the M25, the orbital motorway that handily circles London, the only successful way to enter the capital was via a series of Evil Knievel style ramps or a drudge through a number of clotted B roads. Plans to install a ringed route on the outer edge of the city had been proposed in the early 20th Century. But nobody bothered until construction began in ... Read more >
Israeli armed forces push into Egypt toward the Suez Canal, initiating the Suez Crisis. They would soon be joined by French and British forces, creating a serious Cold War problem in the Middle East. The catalyst for the joint Israeli-British-French attack on Egypt was the nationalization of the Suez Canal by Egyptian leader General Gamal Abdel Nasser in July 1956. The situation had been brewin... Read more >
On this day in 1942, leading British clergymen and political figures hold a public meeting to register their outrage over the persecution of Jews by Nazi Germany. In a message sent to the meeting, Prime Minister Winston Churchill summed up the sentiments of all present: “The systematic cruelties to which the Jewish people-men, women, and children-have been exposed under the Nazi regime are am... Read more >