Significant Historical Events in Chicago on October 29
Black Tuesday: 1929
On October 29, 1929, the stock market experienced a dramatic decline, a day now referred to as Black Tuesday. The Dow lost approximately 12 percent of its value following a nearly 13 percent loss the previous day. By mid-November, according to the Federal Reserve, the Dow had halved from its previous height.
The Chicago Tribune reported that trading was exceptionally active, with only a late-hour rally preventing a total collapse. The downturn extended until the summer of 1932, with the Dow plummeting to its lowest point of the 20th century, 89 percent below its peak. It took until November 1954 for the Dow to recover its pre-crash levels.
O’Hare International Airport Opens: 1955
On October 29, 1955, after a decade of planning, Chicago’s O’Hare International Airport commenced scheduled services. Despite inclement weather, the first flight, Trans World Airlines Flight 94, departed to Paris and Cairo, marking the beginning of a new era in aviation.
Chicago’s Mayor Richard J. Daley expressed optimism about the potential growth the airport represented, acknowledging the absence of restaurants and lounges at the opening. Passengers used vending machines for refreshments.
Stacy Peterson’s Disappearance: 2007
Stacy Peterson was reported missing on October 29, 2007, after failing to arrive at her sister’s home. Her husband, Drew Peterson, then a Bolingbrook police officer, was the last to see her alive. In 2012, he was convicted of the murder of his third wife, Kathleen Savio, and sentenced to 38 years in prison. He received an additional 40 years in 2016 for attempting to have a prosecutor killed.
Zach Miller’s Injury: 2017
On October 29, 2017, Chicago Bears tight end Zach Miller suffered a severe knee injury while attempting a touchdown catch against the New Orleans Saints. The injury was so critical that it required emergency vascular surgery to save his leg. Overcoming numerous surgeries, Miller received the Ed Block Courage Award, decided by his teammates.
Klay Thompson’s Record-Breaking Game: 2018
Golden State Warriors guard Klay Thompson set an NBA record by scoring 14 three-pointers in a game against the Chicago Bulls on October 29, 2018. This performance contributed to the Warriors’ dominant 149-124 victory.
Tony La Russa’s Return: 2020
The Chicago White Sox announced Tony La Russa’s return as manager on October 29, 2020. Previously leading the team to a division title in 1983, La Russa returned despite a pending DUI case filed on October 28, 2020. He resigned in 2022 due to health concerns.