Home » Archive

Articles tagged with: Texas Gulf Sulphur

Crash of 1929 »

Posted on 7 Mar 2013 | 10,777 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.”