Articles tagged with: Crash of 1929
Predicting Crashes »
Crash of 1929 »
On the evening before the 1929 stock market crash, film star “Charlie Chaplin” and Irving Berlin (Songwriter and Composer) were dining together. Berlin at the time had $5 million invested in the stock market. The market’s performance had been remarkable for the prior two-plus years, rising 37 percent in 1927, 44 percent in 1928 and 28 percent during the summer months of 1929.
Stock Market Crashes »
After the demise of the second bank, state-chartered and uncharted “free banks” took root and these banks issued their own notes, redeemable in gold or silver. Though the National Banking Act, passed in 1863, tried to provide a measure of currency stability, bank runs and financial panics remained common into the early 20th century.