Stock Market & The Boom Flashcards
When did the main stock market bubble emerge from?
1927
What is the name for a highly speculative, high growth stock market?
“Bull Market”
What was the reason for the bubble emerging from 1927
New York stock exchange began buying up ground
Term for where a mass number of individual investors want to begin selling their shares
“Bear Market”
How many individual investors by summer of 1929
9million
X2 examples of insider dealing on the stock market which drove up the price of shares
Ponzi Schemes
Florida Land Grab
Why was insider dealing significant?
Should have warned the public of dangers of over-speculation on the stock market
X2 major players on stock market who were corrupt themselves
Krueger
Insull
Example of share values not meeting actual values
Krueger’s empire exposed and collapsed
Went from worth $100bn to $4bn
How did the unequal distribution of wealth contribute to the wall street crash in terms of demand for shares?
only a certain % of people could afford to buy shares
so only so much demand to keep speculation going
What was Coolidge’s personal opinion on speculation?
thought it was foolish
