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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.
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 ...
The 1929 stock market crash wiped him out. He survived the Great Depression by selling his art and antiques. He was eventually reconciled with his daughter Ellin and her husband Irving Berlin when he went to comfort her on the cot death of her baby.
The Wall Street Crash of 1929 is often cited as the beginning of the Great Depression. It began on October 24, 1929, and kept going down until March 1933. It was the longest and most devastating stock market crash in the history of the United States. Much of the stock market crash can be attributed to exuberance and false expectations.
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 ...
Charles Edwin Mitchell (October 6, 1877 – December 14, 1955) was an American banker whose incautious securities policies facilitated the speculation which led to the Crash of 1929. First National City Bank's (now Citibank) controversial activities under his leadership were a major contributing factor in the passage of the Glass-Steagall Act.
Forget 2008. Hedge fund bear Kevin Smith says this stock market crash will mimic the 1929 downturn that ushered in the Great Depression.
However, the mini-crash was averted two days later when National City Bank pumped $25 million in credit into the stock market. Summer: Consumer spending and industrial production begin to stagnate. The Federal Reserve continues with its plan to raise interest rates from 4% in mid-1928 to 6% by mid-1929 in an attempt to combat speculative behavior.