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Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 88
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Book Description
LIFE Magazine is the treasured photographic magazine that chronicled the 20th Century. It now lives on at LIFE.com, the largest, most amazing collection of professional photography on the internet. Users can browse, search and view photos of today’s people and events. They have free access to share, print and post images for personal use.
Author: Barbara Silberdick Feinberg
Publisher:
ISBN: 9781562945749
Category : Business & Economics
Languages : en
Pages : 64
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Book Description
Discusses events contributing to the stock market crash of 1929, the Great Depression that followed, and the steps that were taken to revive the nation.
Author: Nomi Prins
Publisher: Createspace Independent Publishing Platform
ISBN: 9781463557669
Category : Finance
Languages : en
Pages : 0
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Book Description
Leila Khan, immigrant, is working at a Wall Street diner when she meets banker Roderick Morgan, nephew to J.P. (Jack) Morgan. Leila uncovers secrets about Jack's business deals and Roderick's role in them. Then a body falls from the top of the Morgan bank building and Leila's world comes crashing down around her. In the process she discovers startling facts about both Wall Street and herself.
Author: Robin S. Doak
Publisher: Capstone
ISBN: 9780756533274
Category : Juvenile Nonfiction
Languages : en
Pages : 100
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Book Description
An exploration of the causes and effects of the stock market crash of 1929.
Author: Charles River Charles River Editors
Publisher:
ISBN: 9781542755207
Category :
Languages : en
Pages : 56
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Book Description
*Includes pictures *Includes accounts of the stock market crash written by newspapers and other contemporaries *Includes a bibliography for further reading *Includes a table of contents The Roaring Twenties were an age of optimism. New technology was being invented, and novel products were making their way to the store shelves. Americans believed that a new era, driven by technology, was upon them, and this optimism extended to financial markets. Investments especially soared in the bond market, where investors lent money to companies, and the stock market, where investors bought partial ownership of companies. During the 1920s, financiers believed that the economy would continue to boom, as it had been since the end of World War I. As a result, investors and financiers increasingly accepted lower and lower returns on money they lent. In the stock market, the result was much the same: stocks skyrocketed throughout the 1920s, led by new technology stocks, such as Radio Corporation of America, or RCA, which made radios and owned broadcasters. However, the rampant purchasing and rise in prices meant that stock prices soon bore little relationship to the underlying value of the businesses, because the prices were bid up by investors. Prior to 1920, few middle class Americans owned shares in the stock market, but as the prices of stocks grew, the enthusiasm for purchasing stocks grew as well. More middle class Americans purchased stocks in the 1920s than ever before. As stock prices rose throughout the 1920s, some economists believed that stock prices would never fall back to where they had been before World War I. Economist Irving Fisher famously said "Stock prices have reached what looks like a permanently high plateau." Some speculators even sought to capitalize on rising stock prices by borrowing money to buy stocks. Buying stocks with borrowed money had previously seemed very risky, because if the stock market declined, the speculator would be required to post additional collateral to back the loan. But with share prices continuously rising, buying with borrowed money seemed like a good way to make larger profits. However, during the fall of 1929, the stock market was becoming increasingly unstable. Prices would rise and fall rapidly, and some investors were becoming more cautious. Then, on October 24, 1929, the stock market lost 11% of its value right at the opening of the stock market. Panic ensued, but several prominent investment bankers were able to restore confidence by buying stocks well above the market rate. Investors were still extremely nervous, however, and when word of the panic spread over the weekend, investors flooded their brokers with sell orders for Monday morning. On Monday, October 28, the market fell almost 13%, earning it the moniker "Black Monday." The market fared no better the next day, falling nearly another 12% during what became known as "Black Tuesday." This time, efforts by wealthy investors, including members of the Rockefeller family and General Motors founder William C. Durant to restore confidence failed. Durant believed he could single-handedly restore confidence to the market by committing his whole fortune to buying stocks; instead, his business failed. Black Tuesday was a catastrophe the country wasn't ready for, and in fact, the market would not return to its 1929 peak until the 1950s. Black Tuesday is best remembered for investors and consumers making a run on banks that could not service everyone, and banks failed often during the Great Depression, due to bad loans and a lack of public confidence that produced further bank runs. The Federal Reserve was reluctant to backstop banks and protect them against bank runs, so banks were unable to borrow enough money to cover depositors' demands. When banks failed, depositors who couldn't get their money out of the bank were wiped out.
Author: Natalie Hyde
Publisher: Uncovering the Past: Analyzing
ISBN: 9780778717218
Category : Juvenile Nonfiction
Languages : en
Pages : 0
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Book Description
Black Tuesday and the Great Depression explores the causes of the stock market crash in 1929 and the resulting Great Depression. For more than ten years the effects of October 29, 1929, known as Black Tuesday, were felt not only in North America, but worldwide. Source material, including posters, political cartoons, books, interviews, and articles show the devastation of the resulting mass unemployment, epidemic real estate foreclosures, and crushing poverty of those years. Teacher's guide available.
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 88
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Book Description
LIFE Magazine is the treasured photographic magazine that chronicled the 20th Century. It now lives on at LIFE.com, the largest, most amazing collection of professional photography on the internet. Users can browse, search and view photos of today’s people and events. They have free access to share, print and post images for personal use.
Author: James S. Olson
Publisher: Bloomsbury Publishing USA
ISBN:
Category : Business & Economics
Languages : en
Pages : 954
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Book Description
Covering figures, events, policies, and organizations, this comprehensive reference tool enhances readers' appreciation of the role economics has played in U.S. history since 1776. A study of the U.S. economy is important to understanding U.S. politics, society, and culture. To make that study easier, this dictionary offers concise essays on more than 1,200 economics-related topics. Entries cover a broad array of pivotal information on historical events, legislation, economic terms, labor unions, inventions, interest groups, elections, court cases, economic policies and philosophies, economic institutions, and global processes. Economics-focused biographies and company profiles are featured as sidebars, and the work also includes both a chronology of major events in U.S. economic history and a selective bibliography. Encompassing U.S. history since 1776 with an emphasis on recent decades, entries range from topics related to the early economic formation of the republic to those that explore economic aspects of information technology in the 21st century. The work is written to be clearly understood by upper-level high school students, but offers sufficient depth to appeal to undergraduates. In addition, the general public will be attracted by informative discussions of everything from clean energy to what keeps interest rates low.
Author: Bill Yenne
Publisher: Bloomsbury Publishing
ISBN: 1472858700
Category : History
Languages : en
Pages : 361
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Book Description
A remarkable collection of accounts of intrepid American aircrew shot down over enemy lines during World War II and how they got away. To be an airman in the Eighth Air Force flying over the war-torn skies of Europe required skill, tenacity, and luck. Those who were shot down and evaded capture needed all of that and more if they were to make it back to friendly lines. These are their stories. Each is compiled from the original intelligence debrief written by the pilots or aircrew themselves. Bill Yenne details how a spider web of escape routes sprang up, created by the local Résistance. Downed airmen were clothed, given false papers, and hidden so they could be smuggled back to England. These efforts were then supplemented by Allied intelligence agents. But the risks remained the same. Capture could mean death. Their accounts are sometimes funny, often heartbreaking. P-47 pilot Joel McPherson feigned appendicitis and was able to escape from the local German military hospital – after he had his appendix removed. He spent weeks operating as a getaway driver for a Maquis bank robber gang before making it into neutral Spain. Bomber crewmen Fred Hartung and Norman Therrien found refuge at a French château, but later nearly froze to death crossing the icy Pyrenees with the Gestapo on their trail. The accounts of these men and others from the Mighty Eighth make this a story of defiance, foolhardiness, and bravery against the odds.
Author: Stephanie Buehler
Publisher: Teacher Created Resources
ISBN: 1576905896
Category : Stock exchanges
Languages : en
Pages : 50
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Book Description
The stock market is a fascinating, exciting part of our nation's economy. Stock Market Simulations is an interactive means of piquing students' interest and involving them in concepts related to the world of business and finance.
Author: Jennifer Lee
Publisher: Harvard University Press
ISBN: 9780674008977
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
Hollywood and the news media have repeatedly depicted the inner-city retail store as a scene of racial conflict and acrimony. Civility in the City uncovers a quite different story. Jennifer Lee examines the relationships between African American, Jewish, and Korean merchants and their black customers in New York and Philadelphia, and shows that, in fact, social order, routine, and civility are the norm. Lee illustrates how everyday civility is negotiated and maintained in countless daily interactions between merchants and customers. While merchant-customer relations are in no way uniform, most are civil because merchants actively work to manage tensions and smooth out incidents before they escalate into racially charged anger. Civility prevails because merchants make investments to maintain the day-to-day routine, recognizing that the failure to do so can have dramatic consequences. How then do minor clashes between merchants and customers occasionally erupt into the large-scale conflicts we see on television? Lee shows how inner-city poverty and extreme inequality, coupled with the visible presence of socially mobile newcomers, can provide fertile ground for such conflicts. The wonder is that they occur so rarely, a fact that the media ignore.
