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Topic: Wall Street Crash


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In the News (Tue 2 Dec 08)

  
  Wall Street Crash of 1929 - Voyager, the free encyclopedia   (Site not responding. Last check: 2007-11-01)
The Wall Street Crash of 1929, also called the Great Crash or the Crash of '29, is the stock-market crash that occurred in late October, 1929.
The market was crashing and the floor of the NYSE was in a state of panic.
In 1931, the Pecora Commission was established to study the causes of the crash.
www.voyager.in /Wall_Street_Crash_1929   (1315 words)

  
 Information On Wall Street and Financial Markets - wallstreet-tng.com   (Site not responding. Last check: 2007-11-01)
This crash of the stock market was due to the greed of some insiders, who landed on their feet.
The phrase 'Wall Street' is also used to refer to American financial markets and financial institutions as a whole.
Interestingly, most New York financial firms are no longer headquartered on Wall Street (JPMorgan Chase, the last major holdout, sold its headquarters tower at 60 Wall Street to Deutsche Bank in November 2001), but elsewhere in lower or midtown Manhattan; Greenwich, Connecticut; or New Jersey.
www.wallstreet-tng.com   (693 words)

  
 Wall Street Crash -- What does it mean [Sam Marcy -- 1985]: Wall Street crash: What does it mean?
And even after the debacle, the ruling class economists continue to allege that the crash was unrelated to the "fundamentals," meaning the economic situation.
Now their first instinct on sensing the emergence of the crash is to deny what they have been saying for years, and, in fact, to say the very opposite!
The high speculation before the 1929 crash and the devastation of the economic collapse caused the Roosevelt administration to promote massive legislation of two types.
www.workers.org /marcy/cd/samwall/wallst/wallst.htm   (4644 words)

  
 Wall Street Crash
Although less than one per cent of the American people actually possessed stocks and shares, the Wall Street Crash was to have a tremendous impact on the whole population.
A peaceful workman atop a Wall Street building looked down and saw a big crowd watching him, for the rumor had spread that he was going to jump off.
Fourteenth Street is still the Mecca of this type of salesmen; thirty-eight were recently counted between Sixth Avenue and Union Square and at one point there was a cluster of five.
www.spartacus.schoolnet.co.uk /USAwallstreet.htm   (2694 words)

  
 Glossary of Events: Wa   (Site not responding. Last check: 2007-11-01)
The Wall Street Crash was the U.S. Stock Market crash of October 29, 1929, which precipitated a world-wide collapse of share values and triggered the Great Depression – 10 years of economic slump with catastrophic levels of unemployment across all the industrialised countries apart from the Soviet Union.
The Soviet Union was relatively unaffected by the Crash, firstly because it was a planned economy and not dependent on speculation, and secondly because, in any case, it had been more or less isolated from the world economy.
The extent of capitalist development meant that the effects of the crash were more devastating than ever before; every sector of the economy was tied up in bank loans and share issues.
www.marxists.org /glossary/events/w/a.htm   (463 words)

  
 Best Wealth Management | Articles - Wall Street, October 1929
It was not the margin traders who were caught in the rush to sell, but the rich men of the country who are able to swing blocks of 5,000, 10,000, up to 100,000 shares of high-priced stocks.
Jude Waninski attributes the crash to the disintegration of the pro-free-trade coalition in the Senate which later led to the notorious Smoot-Hawley Tariff Act of 1930.
As the economist Hernan Cortes Douglas reminds us in "The Collapse of Wall Street and the Lessons of History" published by the Friedberg Mercantile Group, this was the sequence in London in 1720 (the infamous "South Sea Bubble"), and in the USA in 1835-40 and 1929-32.
www.bestwealthmanagement.com /october1929.html   (2254 words)

  
 Learn more about Black Thursday in the online encyclopedia.   (Site not responding. Last check: 2007-11-01)
Hint: Play with putting spaces before and after your words to see the different results you get.
Black Thursday or the Wall Street Crash refers to October 24, 1929, the day when the New York Stock Exchange crashed, starting the Great Depression.
Millions of people lost their savings, businesses lost their credit lines and failed, causing massive unemployment.
www.onlineencyclopedia.org /b/bl/black_thursday.html   (310 words)

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