The cause of the 1929 stock market crash...A quick read

Watch... The Ascent of Money, by Niall Ferguson. 2009 documentary,
Watch this four hour documentary five times. o_O, :confused:
Download it, and save it in your archives,...and watch it 50 times over the course of your trading.

And also watch amateur shitty short daytrading video clips on Youtube as well...to experience the complete, collective picture of the market.
 
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trade wars was the 'consequence' of high unemployment and corporations and individuals went bankrupt. demand for goods evaporated.

people who deposit money in banks lost everything if the bank went 'bankrupt'
 
there was no investor protection in brokerage accounts til the 1960's and bank deposit weren't insured til 1960's too.

the financial sector was basically dead for 30 years. the public didn't trust the banks or financial system and people literally put their money under their mattress or held gold in safety deposits etc.

and there was no options market which was closed after 1934 SEC act or creation of the SEC in 1934.

meanstreets said:
trade wars was the 'consequence' of high unemployment and corporations and individuals went bankrupt. demand for goods evaporated.

people who deposit money in banks lost everything if the bank went 'bankrupt'
More...
 
the options market in the US or options bucket operation didn't return to the streets til the 1970's

gambling was illegal in many states til the 1970's and 1980's except in las vegas..where betting was allowed.

there was no options market from 1934-1965 and the US economy was do very well .


meanstreets said:
there was no investor protection in brokerage accounts til the 1960's and bank deposit weren't insured til 1960's too.

the financial sector was basically dead for 30 years. the public didn't trust the banks or financial system and people literally put their money under their mattress or held gold in safety deposits etc.

and there was no options market which was closed after 1934 SEC act or creation of the SEC in 1934.
More...
p
 
Cabin111 said:
Recklessness became part of the national consciousness. "The market takes care of things pretty well," so why not join in?

Calvin Cooledge, then President of the United States, had friends in the financial industry. Regulations, at the time, were so minimal that "the street" could run itself.

(Does any of this sound familiar?)
More...

You're referring to bitcoin right? Am I right? I am right, right?
 
in 'free country' like the US in 1900, their was no income tax and the gov't was minimal from individual. there was no welfare or social security.etc no CIA, no FBI and elections were cheap to run etc....well now there is too much gov't. and costing a fortune hence taxes are so high and still deficits and 10 trillion the federal debt.

corporate America or 'money' runs the gov't literally---money talks. why you think Trump was elected? Trump is nothing but a ' pawn' to Russians and some special interest groups.

Trump is an 'authoritarian' not a libertarian and doesn't believe in democracy. he wants his way or your fired. he is acting like a King.
 
meanstreets said:
trade wars was the 'consequence' of high unemployment and corporations and individuals went bankrupt. demand for goods evaporated.

people who deposit money in banks lost everything if the bank went 'bankrupt'
More...
%%
True, pre FDIC; but the stupid , selfish, stupid Senator Smoot-Hawley Tarriff was a stupid tax with the name s changed to tariff to fool the simple minded.:caution::caution::caution::caution::caution: :caution::caution:
 
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