Essay heading: 1929 Stock Market Cr

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American History

 

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Date added:

October 10, 1999

 

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No of pages / words:

8 / 2198

 

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An unregulated environment combined with high optimism and speculation was an inevitable formula for high prices in the stock market. The period was described as an "orgy of speculation and over optimism" by Samuel Eliot Morison, an American historian and Harvard graduate. However, not all stock prices increased at the same rate...
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However, not all stock prices increased at the same rate. Most of the significant increases related to industries where there was the most cause for optimism such as utilities and others previously mentioned. Published audited financial statements were not required for publicly traded companies but it was informally encouraged by the New York Stock Exchange (Exchange)...
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