On March 25, 1929, after the Federal Reserve warned of excessive speculation, the stock market suffered a small crash, with call loan rates rising as high as 20%; the next day, after the National City Bank announced an injection of funds to support the market, they fell back.
Evidence EVIDENCE
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Wikipedia：1929年华尔街股灾
2026-10-07 01:33 · On March 25, 1929, after the Federal Reserve warned of excessive speculation, a small crash occurred as investors began
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Context CONTEXT
Cause
Not recorded yet
This event
Fed Warning on Tightening Speculative Lending Sparks Market Panic
1929.03 · Verified
Effect
Not recorded yet
Coverage of this event COVERAGE