US Stock Market Erupts in a Great Crash After the Ultimate Melt-Up
After a rally in the summer of 1929, the US stock market crashed in late October.
After a rally in the summer of 1929, the US stock market crashed in late October.
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.
In March 1929, after a warning from the Federal Reserve, the stock market suffered a mini-crash; Charles Mitchell, president of National City Bank (the predecessor of Citibank), announced $25 million in credit to prop up the market, and the call loan rate fell from 20% back to 8%.
Film teacher Kuleshov juxtaposed the same close-up of an expressionless male actor after shots of soup, a coffin, and a woman, leading the audience to interpret them as hunger, sadness, and desire, respectively.
Zhu Rongji was born in Hunan. His family background was prominent, being a descendant of Emperor Zhu Yuanzhang of the Ming Dynasty. His great-grandfather, Zhu Changlin, was a wealthy local merchant who invested in modern industry.
Chiang Kai-shek launched the Purge in Shanghai, resulting in the cleansing of a large number of grassroots Kuomintang members and Communists, which led to reverse selection within the party.
The Wuhan National Government promulgated the Regulations on Counterrevolutionary Crimes, and the charge of counterrevolution was written into Chinese law for the first time.
The Comintern dispatched Luo Mingzi to guide the CCP leadership, providing guidance for the Nanchang Uprising.
To evade pursuit by French police, Deng Xiaoping made his way to Moscow, where he enrolled in Sun Yat-sen University to receive Soviet red ideology education.
Jiang Zemin was born in 1926 in Yangzhou, Jiangsu. His father, Jiang Shijun, later served as deputy director of the propaganda department of the Wang Jingwei puppet regime, among other posts.
In 1926 Mao Zedong wrote an article arguing that determining who are our friends and who are our enemies is the key question of the Chinese revolution, but the article's definitions of friend and foe have continued to shift ever since, with the scope of class enemies steadily expanding.
The Kuomintang convened its First National Congress, establishing the principles of the party above the state and the party controlling the guns under the new party constitution drafted by Soviet Communist advisor Borodin.
The Chinese Communist Party (CCP) was founded in 1921. The program interprets its party history as a continuous historical mission to realize communism, noting that the CCP later described itself as the most advanced vanguard of the proletariat, asserting that the party cannot make mistakes. Jin Yinan's book "Suffering and Glory" is also used to illustrate the CCP's sense of historical mission and its narrative of invincibility from its founding to the present.
The Communist International dispatched Marlin to China, directly participating in and facilitating the formal establishment of the Chinese Communist Party.
After being filtered by communism, Liu Shaoqi was selected and recommended to Moscow in 1921 for advanced studies, systematically learning Marxism-Leninism.
In 1921, Lenin dispatched Bolshevik agents to Shanghai to assist in founding the Chinese Communist Party.
16-year-old Deng Xiaoping took his money to France for work-study, but after his scholarship was cut off, he could only work in a factory to make a living.
The Comintern dispatched Kinski to China, assisting Chen Duxiu and Li Dazhao in founding the Chinese Communist Party.
Beginning in 1920, Comintern representative Voitinsky was ordered to go to China to help establish the Chinese Communist Party, and in July 1921 the CCP held its First National Congress in Shanghai; the video's claim of 1922 is inaccurate.
In 1920, Chen Qiongming proposed "Cantonese governing Canton" in Guangdong, advocating relatively thorough local self-governance, and later forming a confederation or federation, believing that independence must come first and sovereignty must first return to the people.