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Articles tagged with: Standard Oil

Crash of 1929 »

Posted on 7 Mar 2013 | 10,566 views
New York Stock Exchange DJIA Stocks on October 29 1929

The Roaring Twenties, the decade that led up to the Crash, was a time of wealth and excess. Despite caution of the dangers of speculation, many believed that the market could sustain high price levels. Shortly before the crash, economist Irving Fisher famously proclaimed, “Stock prices have reached what looks like a permanently high plateau.”

Stock Market Crashes »

Posted on 14 Apr 2011 | 10,411 views
The Financial Bank Panic of 1907

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.