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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 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.
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.
It was the "decade of prosperity, excess and abandon, which began after the end of World War I and ended with the 1929 stock market crash." [2] Fitzgerald was included in the Lost Generation, a group of U.S. writers who grew up during the war and created their literary reputations in the 1920s. They were "lost" because in the postwar world, the ...
With the news that another devastating economic implosion may be nearing its end. That's where America finds itself on the 80th anniversary of the Great Depression -- reacting to
Unlike the stock market, which can be highly volatile, commercial real estate provides steady income streams with generally lower volatility and a low correlation to the S&P 500, according to ...
Forget 2008. Hedge fund bear Kevin Smith says this stock market crash will mimic the 1929 downturn that ushered in the Great Depression.
Merrill anticipated the stock market crash of 1929, and divested many of his holdings before the Great Depression. Merrill merged his retail brokerage and wire operations with E. A. Pierce and Co., thereby restructuring Merrill Lynch and Co. to focus upon investment banking.