2  1  See remarks of W.P.G. Harding at a dinner of the Economic Club of New York on March 18, 1929, as reported in “Clash on Policies of Reserve Board” by the New York Times on March 19, 1929, p. 52; and in “Reserve Policy Upheld and Hit” by the Wall Street Journal on March 19, 1929, p. 21.
Also see “Wall Street News and Comment,” Special Dispatch to the [Daily Boston] Globe, on March 24, 1929, p. A60. 2 Many factors after the initial crash, including what are now seen as major policy errors, contributed to the Great Depression.