Reply to Thread New Thread |
02-20-2009, 08:12 AM | #1 |
|
The Crash of '29
Hysteria on the Street On the day of the collapse, the exchange lost $14 billion in value, ten times the annual budget of the federal government at that time. Black Thursday Selling was triggered in part by a huge sell-off the preceding Thursday. Despite the efforts of brokers the following day (when this photo was taken) shares continued to decline, a trend dramatized by the newspapers in their weekend editions. Trading Floor As the slide continued, trading increased. Over 16 million shares were traded, a record not broken until 1969. During the panic, clerks worked for 48 straight hours. Anxious Investors Brokerage house customers flock to the financial district as news of the crash spread. All Nighter Exhausted clerks from the exchange catch some sleep in a nearby gym. Headlines Despite the optimistic headline, the news from Wall Street would not get any better. Desperate for Cash A speculator tries to sell his car after losing all his money in the market. Run on the Bank Panicked by the collapse of the market, customers of a bank in New Jersey race to Passaic to claim their deposits. Depression The crash led to untold bankrupties and business closures, causing many Americans to lose their jobs. |
|
02-20-2009, 08:19 AM | #2 |
|
US 100 for a car. i like that photo, i saw that at the top of the rock.
i think that was rocky himself. well, his family still very rich now, even he lost money in stock market. but the crash of 29 is not similar to this time. because, there was no run of bank this time, more like japanese bubble of 90's. crash of 29 -------------- stock market crash run on the bank mass unemployment trade war world war this time, it will be like japan, no growth for decade or more.............. |
|
02-20-2009, 08:23 AM | #3 |
|
|
|
02-22-2009, 06:53 PM | #4 |
|
US 100 for a car. i like that photo, i saw that at the top of the rock. |
|
02-23-2009, 09:22 AM | #5 |
|
Why are you looking at the car? Oh, you're disappointed because no one bothers to say anything about "the big picture" much less whine collectively with you? And you mean you are one of those who lost everything including even their entire live savings on the stock market? If you want to doom and gloom yourself go ahead, and then go kill yourself. End it all. Why is there a need to persist in and aggravating negative situations by spreading your worthless comparisons to other people? Would it better the situation? As if we don't know the economic shape of today and we need you to teach us. You stupid whining fuck. |
|
02-23-2009, 09:23 AM | #6 |
|
US 100 for a car. i like that photo, i saw that at the top of the rock. Yup that car rocks. But $100 may sound small, but was pretty big at that time |
|
02-23-2009, 09:24 AM | #7 |
|
|
|
Reply to Thread New Thread |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
|