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Oct. 29 in history: New York stock market crashes, and a man hijacks a Toronto subway train

In 1929, the &ldquo;Great Depression&rdquo; began when the New York stock marketvirtually collapsed. A total of 16.4 million shares changed hands onwhat is known as &ldquo;Black Tuesday,&rdquo; the most disastrous day in the <span class="matchSearch">history</span>of the New York Stock Exchange. The Toronto Stock Exchange alsosuffered huge losses. Canada was particularly affected by the ensuingcollapse in world trade because one-third of its economy depended onexports. The four western provinces, which depended almost exclusivelyon primary-product exports, were the most affected.

In 1929, the “Great Depression” began when the New York stock market
virtually collapsed. A total of 16.4 million shares changed hands on
what is known as “Black Tuesday,” the most disastrous day in the history
of the New York Stock Exchange. The Toronto Stock Exchange also
suffered huge losses. Canada was particularly affected by the ensuing
collapse in world trade because one-third of its economy depended on
exports. The four western provinces, which depended almost exclusively
on primary-product exports, were the most affected.


Also on this date:


In
1618, Sir Walter Raleigh was executed in London on charges of treason
against King James I. Raleigh had defied the King's instructions by
attacking the Spanish while on an expedition to search for the fabled
“Golden Land.”


In 1835, the Morse alphabet code for telegraphy was patented.


In 1867, a hurricane sank more than 50 vessels at the Caribbean island of St. Thomas, drowning 1,000.


In 1897, Joseph Goebbels, Nazi leader and propagandist, was born in Germany.


In 1923, the Republic of Turkey was proclaimed.


Also in 1923, Canada's “Bluenose” defeated the “Columbia” in an international boat race.


In 1936, John Diefenbaker was chosen leader of the Saskatchewan Conservative party.


In
1952, the International Joint Commission approved a joint Canada-United
States application for permission to develop 2.2- million horsepower of
electric energy on the international section of the St. Lawrence River.


In
1956, in the belief that Russian tanks had left their city for good,
citizens of Budapest celebrated. Rioting had grown a week before into a
full-scale revolt against Russian occupying forces and Communist secret
police. But the celebrations were premature -- soon afterwards eight
Russian divisions entered Budapest and placed Janos Kadar in power.
About 150,000 Hungarians fled into exile.


In 1956, during the Suez Canal crisis, Israel invaded Egypt's Sinai Peninsula.


In 1958, rescue workers in Springhill, N.S., found 12 coal miners alive seven days after they were buried in a cave-in.


In 1958, the first implantable heart pacemaker was inserted into the chest of Swedish cardiac patient Arne Larson in Stockholm.


In 1961, Syria seceded from the United Arab Republic to form the Syrian Arab Republic.


In 1964, Tanganyika and Zanzibar became known as Tanzania when they united.


In 1967, Expo 67, which opened in Montreal on April 27, closed with a final attendance total of more than 50 million.


In
1972, Palestinian guerrillas hijacked a German airliner and gained the
release of three people seized in the massacre at the Munich Olympics.


In 1975, a man hijacked a Toronto transit subway train, demanding to be taken to Queen's Park station.


In
1979, on the 50th anniversary of the great stock market crash,
anti-nuclear protesters tried but failed to shut down the New York
Stock Exchange.


In 1984, General Motors workers in Canada, who
had gone on strike almost two weeks earlier, voted overwhelmingly in
favour of a three-year settlement with the automaker.


In 1998,
U.S. Senator John Glenn, 77, began an encore performance in space when
the shuttle “Discovery” blasted off. Thirty-six years earlier, Glenn
became the first American to orbit the Earth.


In 1998, the CRTC ordered cable companies across Canada to carry TVA, Quebec's most popular French-language television network.


In 1998, fire broke out during a disco party in Goteborg, Sweden, killing 63 people.


In 1998, South Africa's Truth and Reconciliation Commission released a report calling apartheid a crime against humanity.


In
1999, Anthony Vincent, a Canadian diplomat best known for his role in
the hostage crisis in Lima in 1996, died in Montreal at age 59.


In 1999, China declared the Falun Gong spiritual movement a dangerous cult.


In
1999, 16 years after their fight began, federal public servants won a
pay equity deal. The Chretien government agreed to pay 200,000 mostly
female, former and current employees between $3.3- and $3.6 billion.


In 1999, at least 55 young people were killed in a fire at a crowded beer bar in Inchon, South Korea.


In
1999, India's Eastern Orissa state was hit by one of the most powerful
cyclones ever with winds up to 250 km/h, killing an estimated 10,000
people over the next few days.


In 1999, Dr. Colin Matthew, one
of Britain's foremost historians and the editor of the New Dictionary
of National Biography, died at 58, in Oxford.


In 2004, former
ballet dancer Norodom Sihamoni was crowned as Cambodia's new king in an
ornate ceremony, replacing his father, one of Asia's longest-serving
and best-known rulers.


In 2006, nearly 200,000 homes and
businesses were left without power from Maryland to Saint John, N.B.,
as a storm system blasted the region with winds gusting to more than 90
km/h, knocking down power lines.


In 2006, Quebecer Roy Dupuis
captured the best actor prize at the 19th Annual Tokyo International
Film Festival for his portrayal of hockey legend Maurice Richard in the
movie “The Rocket.”


In 2006, a Nigerian airliner with 104 people
on board slammed into the ground moments after takeoff from Abuja
airport, killing 98. It was the third deadly crash of a passenger plane
in Nigeria in less than a year.


In 2007, a Moscow court
sentenced Alexander Pichushkin, convicted of 48 murders, to life
imprisonment, ending one of Russia's worst serial killer cases.


In 2007, Prime Minister Stephen Harper met with the Dalai Lama in his office on the Parliament Hill.


In
2008, William Wharton, the painter-turned-author whose first novel
“Birdy” won the National Book Award and became a critically acclaimed
movie, died. He was 82.


In 2008, Ottawa software developer Momin
Khawaja, 29, who was the first person to be charged under Canada's
Anti-Terrorism Act, was found guilty on seven counts for allegedly
participating in a plot to bomb targets in Britain. Khawaja was
convicted of five charges of financing and facilitating terrorism and
two Criminal Code offences related to building a remote-control device
that could trigger bombs.


In 2009, Quebec and New Brunswick
reached a proposed deal that would see Hydro-Quebec buy the majority of
NB Power's assets for $4.8 billion. In March of 2010, the deal was
dead, with Quebec pulling out over unanticipated costs.


In 2009,
former Rwandan businessman Desire Munyaneza was found guilty in Federal
Court in Montreal, on charges relating to atrocities he committed
during the 1994 genocide in Rwanda, and sentenced to life in prison
with no chance of parole for 25 years, the toughest penalty under
Canadian law. Munyaneza, 42, was the first person to be convicted under
Canada's Crimes Against Humanity and War Crimes Act.


In 2009, in
what was believed to be the largest number of murder convictions ever
produced at a single criminal trial in Canada, six members of the
Bandidos biker gang charged in the 2006 mass slaying of eight rivals
were all found guilty on multiple counts of first-degree murder. The
jury returned 44 verdicts of first-degree murder and four of
manslaughter.


In 2010, a U.S. court overturned two of Conrad
Black's 2007 convictions, but did not acquit him of them, and upheld a
serious count of obstruction of justice and one other fraud charge. (In
September 2011, he returned to prison to complete the last 13 months of
his sentence.)


In 2010, the Supreme Court of Canada unanimously
ruled to resurrected a Quebec woman's sex-abuse lawsuit against a Roman
Catholic priest and the province's archbishop. Shirley Christensen said
she was abused by Paul-Henri Lachance in Quebec City in the late
1970's. She filed her $250,000 suit in 2007, but the archbishop moved
for dismissal, arguing she failed to act within the three-year window
allowed for such suits under Quebec's civil code.


In 2010, a
commercial passenger jet carrying cargo from Yemen, which was escorted
by Canadian military jets to the U.S. border where two U.S. fighters
then took over, landed in New York. Its cargo was searched, as parcels
in transit across the globe were scrutinized after authorities in Dubai
and England found two explosive packages from Yemen bound for Chicago.


In
2010, David Chen, a Toronto grocer who enjoyed widespread support after
tying up a shoplifter and throwing him in a van, was acquitted of all
charges after a judge ruled it was a citizen's arrest.

 
 
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