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The Dow Jones Industrial Average, 1928–1930. The "Roaring Twenties", the decade following World War I that led to the crash, [4] was a time of wealth and excess.Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector.
It is an economic history of the lead-up to the Wall Street Crash of 1929. The book argues that the 1929 stock market crash was precipitated by rampant speculation in the stock market, that the common denominator of all speculative episodes is the belief of participants that they can become rich without work [1] and that the tendency towards ...
Nevertheless, at the time Arthur Cutten remained optimistic about the American economy and was featured in a cover story of the December 10, 1928, issue of Time [6] in a profile as one of the leading market "Bulls" of the Big Bull Market of the 1920s. However, less than a year later Cutten had lost more than $50 million as a result of the Wall ...
I've been in the Library of Congress lately reading financial newspapers from the week of the October, 1929 stock market crash that ultimately crushed the Dow Jones by nearly 90%. Last week, I ...
Nothing is more appealing to stock market investors than the idea that they can predict the future. Recently, several market analysts have argued that the Dow Jones Industrials is setting itself ...
After the Wall Street Crash of 1929, when the Dow Jones Industrial Average dropped from 381 to 198 over the course of two months, optimism persisted for some time. The stock market rose in early 1930, with the Dow returning to 294 (pre-depression levels) in April 1930, before steadily declining for years, to a low of 41 in 1932.
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The book covers events in the United States between November 11, 1918 (the end of World War I) and November 13, 1929 (which Allen described as the culmination of the Wall Street Crash of 1929). Allen, who identified himself as a "restrospective journalist" rather than a historian, warns that "A contemporary history is bound to be anything but ...