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Invented by Edward A. Calahan, the stock ticker revolutionizes the stock market by bringing current prices to investors everywhere.
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On September 24, gold speculation resulted in "Black Friday."
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WWI causes securities exchanges around the world suspended operations to stop plunging prices. The NYSE closes its doors and doesn't open for 4 and a half months.
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The 1920s was a decade of major cultural conflicts as well as a period when many features of a modern consumer culture took root. In this chapter, you will learn about the clashes over alcohol, evolution, foreign immigration, and race, and also about the growth of cities, the rise of consumer culture, and the revolution in morals and manners.
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The good old days are gone
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the Dow Jones Industrial Average plunging 11 percent. The market crashes on a level that wouldn't be surpassed for 39 years. It becomes known as the Great Depression.
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Black Tuesday was the fourth and last day of the stock market crash of 1929. It took place on October 29, 1929. Investors traded a record 16.4 million shares. They lost $14 billion on the New York Stock Exchange, worth $206 billion in 2019 dollars.
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Homelessness was increased by 25%
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Housing prices plummeted 30%
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The good old days are back again
