TODAY IN HISTORY!

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1998 John Glenn returns to space. He was my favorite American since I was a kid & turns out he learned to fly in a 1938 Taylorcraft which I owned the nicest '38 in the country that hung in a barn from '41 to '91 50 years then restored. I learned in a 1940 on wood ski's which was the same but had 2 doors.

Nearly four decades after he became the first American to orbit the Earth, Senator John Herschel Glenn Jr. is launched into space again as a payload specialist aboard the space shuttle Discovery on October 29, 1998. At 77 years of age, Glenn was the oldest human ever to travel in space. During the nine-day mission, he served as part of a NASA study on health problems associated with aging.

Glenn, a lieutenant colonel in the U.S. Marine Corps, was among the seven men chosen by the National Aeronautics and Space Administration (NASA) in 1959 to become America’s first astronauts. A decorated pilot, he had flown nearly 150 combat missions during World War II and the Korean War. In 1957, he made the first nonstop supersonic flight across the United States, flying from Los Angeles to New York in three hours and 23 minutes.

In April 1961, Soviet cosmonaut Yuri Gagarin was the first man in space, and his spacecraft, Vostok 1, made a full orbit before returning to Earth. Less than one month later, American Alan B. Shepard Jr., became the first American in space when his Freedom 7 spacecraft was launched on a suborbital flight. American “Gus” Grissom made another suborbital flight in July, and in August Soviet cosmonaut Gherman Titov spent more than 25 hours in space aboard Vostok 2, making 17 orbits.

The Space Race
As a technological power, the United States was looking very much second-rate compared with its Cold War adversary. If the Americans wanted to dispel this notion, they needed a multi-orbital flight before another Soviet space advance arrived.

On February 20, 1962, NASA and Colonel John Glenn accomplished this feat with the flight of Friendship 7, a spacecraft that made three orbits of the Earth in five hours. Glenn was hailed as a national hero, and on February 23 President John F. Kennedy visited him at Cape Canaveral. Glenn later addressed Congress and was given a ticker-tape parade in New York City.

Out of a reluctance to risk the life of an astronaut as popular as Glenn, NASA essentially grounded the “Clean Marine” in the years after his historic flight. Frustrated with this uncharacteristic lack of activity, Glenn turned to politics and in 1964 announced his candidacy for the U.S. Senate from his home state of Ohio and formally left NASA. Later that year, however, he withdrew his Senate bid after seriously injuring his inner ear during a bad fall.

In 1970, following a stint as a Royal Crown Cola executive, he ran for the Senate again but lost the Democratic nomination to Howard Metzenbaum. Four years later, he defeated Metzenbaum, won the general election, and went on to win reelection three times. In 1984, he unsuccessfully sought the Democratic nomination for president.

In 1998, Glenn attracted considerable media attention when he returned to space aboard the space shuttle Discovery. In 1999, he retired from his U.S. Senate seat after four consecutive terms in office, a record for the state of Ohio. Glenn died on December 8, 2016, at age 95.
 
1929 Stock Market Crash on Black Tuesday
Black Tuesday hits Wall Street on October 29, 1929 as investors trade 16,410,030 shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression.

During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a weak agriculture and an excess of large bank loans that could not be liquidated.
Black Tuesday hits Wall Street on October 29, 1929 as investors trade 16,410,030 shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression.

During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a weak agriculture and an excess of large bank loans that could not be liquidated.
Black Tuesday hits Wall Street on October 29, 1929 as investors trade 16,410,030 shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors, and stock tickers ran hours behind because the machinery could not handle the tremendous volume of trading. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression.

During the 1920s, the U.S. stock market underwent rapid expansion, reaching its peak in August 1929, a period of wild speculation. By then, production had already declined and unemployment had risen, leaving stocks in great excess of their real value. Among the other causes of the eventual market collapse were low wages, the proliferation of debt, a weak agriculture and an excess of large bank loans that could not be liquidated.
Stock prices began to decline in September and early October 1929, and on October 18 the fall began. Panic set in, and on October 24—Black Thursday—a record 12,894,650 shares were traded. Investment companies and leading bankers attempted to stabilize the market by buying up great blocks of stock, producing a moderate rally on Friday. On Monday, however, the storm broke anew, and the market went into free fall. Black Monday was followed by Black Tuesday, in which stock prices collapsed completely.

After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929. The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom. By 1933, nearly half of America’s banks had failed, and unemployment was approaching 15 million people, or 30 percent of the workforce. It would take World War II, and the massive level of armaments production taken on by the United States, to finally bring the country out of the Depression after a decade of suffering.
 
1901 President William McKinley’s assassin is executed
On October 29, 1901, President William McKinley’s assassin, Leon Czolgosz, is executed in the electric chair at Auburn Prison in New York. Czolgosz had shot McKinley on September 6, 1901; the president succumbed to his wounds eight days later.

McKinley was shaking hands in a long reception line at the Pan-American Exhibition in Buffalo, New York, when a 28-year-old anarchist named Leon Czolgosz approached him with a gun concealed in a handkerchief in his right hand. McKinley, perhaps assuming the handkerchief was an attempt by Czolgosz to hide a physical defect, kindly reached for the man’s left hand to shake. Czolgosz moved in close to the president and fired two shots into McKinley’s chest. The president reportedly rose slightly on his toes before collapsing forward, saying “be careful how you tell my wife.” Czolgosz was attempting to fire a third bullet into the stricken president when aides wrestled him to the ground.
McKinley suffered one superficial wound to the sternum and another bullet dangerously entered his abdomen. He was rushed into surgery and seemed to be on the mend by September 12. Later that day, however, the president’s condition worsened rapidly and, on September 14, McKinley died from gangrene that had remained undetected in the internal wound. According to witnesses, McKinley’s last words were those of the hymn “Nearer My God to Thee.” Vice President Theodore Roosevelt was sworn in as president immediately following McKinley’s death.

Czolgosz, a Polish immigrant, grew up in Detroit and had worked as a child laborer in a steel mill. As a young adult, he gravitated toward socialist and anarchist ideology. He claimed to have killed McKinley because the president was the head of what Czolgosz thought was a corrupt government. The unrepentant killer’s last words were “I killed the president because he was the enemy of the good people—the working people.” His electrocution was reenacted and filmed by Thomas Edison.
 
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