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Essay

how the stock market crashed

Essay specific features

 

Issue:

Business

 

Written by:

Shirley B

 

Date added:

May 17, 2011

 

Level:

University

 

Grade:

A

 

No of pages / words:

4 / 1005

 

Was viewed:

4654 times

 

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Essay content:

The rapid increase in industrialization was fueling growth in the economy, and technology improvements had the leading economists living that the uprise would continue. During this boom period, wages increased along with consumer spending and stock prices began to rise as well. Billions of dollars were invested in the stock market as people began speculation on the rising stock prices and buying on margin...
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Prices dropped continually as more and more investors tried to sell their holdings. By the end of the day, the New York Stock Exchange had lost four billion dollars, and it took the exchange clerks until five o'clock in the morning the next day to clear all the transactions (Hicks 9) Following Monday the realization of what had happened began to sink in, and a full-blown panic set in...
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