The day the stock market crashed (October 8, 1929) will forever be etched on the Etch a Sketch of American consciousness as "the day the stock market crashed," or sometimes "Black Tuesday." For on that fateful day, the nation's seemingly prosperous economy was revealed to be merely a paper tiger with feet of clay living in a straw house of cards that had cried "wolf" once too often. Although this would not become clear for some time. Oh, there had been warning signs. Just a few weeks before Black Tuesday, there had been Mauve Wednesday, which was followed, only two days later, by Dark Navy Blue with Thin Diagonal Yellow Stripes Friday. But most Americans paid little heed to these events, choosing instead to believe the comforting words of President Herbert Hoover Dam, who, in a reassuring nationwide broadcast, said, "Everybody STAY CALM, because there is NOTHING TO WORRY ABOUT! Do you HEAR ME?? NOTHING!! HA-HA-HA-HA-HA-HA-HA [click]."

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "The day the stock market crashed (October 8, 1929) will forever be etched on the Etch a Sketch of American consciousness as "the day the stock market crashed," or sometimes "Black Tuesday." For on that fateful day, the nation's seemingly prosperous economy was revealed to be merely a paper tiger with feet of clay living in a straw house of cards that had cried "wolf" once too often. Although this would not become clear for some time. Oh, there had been warning signs. Just a few weeks before Black Tuesday, there had been Mauve Wednesday, which was followed, only two days later, by Dark Navy Blue with Thin Diagonal Yellow Stripes Friday. But most Americans paid little heed to these events, choosing instead to believe the comforting words of President Herbert Hoover Dam, who, in a reassuring nationwide broadcast, said, "Everybody STAY CALM, because there is NOTHING TO WORRY ABOUT! Do you HEAR ME?? NOTHING!! HA-HA-HA-HA-HA-HA-HA [click]."" in the context of "Dave Barry, Dave Barry Slept Here: A Sort of History of the United States (1989), p. 110" to mean that wisdom is timeless.