Search results
Results from the WOW.Com Content Network
The stock market crash of October 1929 led directly to the Great Depression in Europe. When stocks plummeted on the New York Stock Exchange, the world noticed immediately. Although financial leaders in the United Kingdom, as in the United States, vastly underestimated the extent of the crisis that ensued, it soon became clear that the world's ...
The Age of the Great Depression, 1929–1941 (1948), scholarly social history online; Wicker, Elmus. The Banking Panics of the Great Depression (1996) White, Eugene N. "The Stock Market Boom and Crash of 1929 Revisited". The Journal of Economic Perspectives Vol. 4, No. 2 (Spring, 1990), pp. 67–83, evaluates different theories JSTOR 1942891
The stock market crash was not the first sign of the Great Depression. "Long before the crash, community banks were failing at the rate of one per day". [78] It was the development of the Federal Reserve System that misled investors in the 1920s into relying on federal banks as a safety net.
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.
Economic forecasters throughout 1930 optimistically predicted an economic rebound come 1931, and felt vindicated by a stock market rally in the spring of 1930. [1] The stock market crash in the first few weeks had a limited direct effect on the broader economy, as only 16% of the U.S. population was invested in the market in any form.
The Panic of 1930 was a financial crisis that occurred in the United States which led to a severe decline in the money supply during a period of declining economic activity.
Unlike the stock market, which can be highly volatile, commercial real estate can provide steady income streams with generally lower volatility and a low correlation to the S&P 500, according to ...
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 .