The great bull market of the 1920s and the spectacular collapse of the New York Stock Exchange (NYSE) in late 1929 occupy a pivotal position in popular explanations of the…
In late October 1929 the stock market crashed, wiping out 40 percent of the paper values of common stock. When the crash hit the economy and stock prices fell sharply,…
Following WWI, the United States experienced a broad economic expansion that was fueled by new technologies and improved production processes. Investors were also given a breathing space, time to change…
Mandelbrot noticed that enormous actions in costs (i.e. crashes) are rather more common than could be predicted from a log-regular distribution. Mandelbrot and others instructed that the character of market…
But maintaining a level head can create a once-in-a-lifetime chance to buy bargain shares. Nevertheless, among the many battered remnants of a stock market crash, some shining gems can be…
The tremors that would eventually destroy this flimsy economic edifice made their first rumblings in September 1929. The stock of some food manufacturers, some retailers, and most tobacco companies was…
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