US EditionBook Excerpt: "1929" by Andrew Ross Sorkin
Charles Mitchell's risky buyback of 71,000 shares without cash backing threatened National City Bank's stability amid the 1929 market crash, risking a bank run.
4 Articles
4 Articles
6 bizarre ways the stock market was completely different in 1929
New York World-Telegram and the Sun Newspaper Photograph Collection/PhotoQuest/Getty ImagesThe stock market has changed a lot since the infamous crash of 1929.Some of the differences are highlighted in "1929," a new book by Andrew Ross Sorkin.Read Business Insider's recent profile of Sorkin here.When you see the famous photos from outside the New York Stock Exchange in 1929, it looks like a different world.For one, why are there so many people t…
The data is as simple as it is blunt: after the crash of 1929, the Dow Jones did not regain its historic peak until November 23, 1954. A quarter century lost for the index that marked the pulse of Wall Street. Understanding why it happened and what changed later helps to read more clearly every correction of the present.
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- 100% of the sources lean Left
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