October 24, 1929 was the day of the stock market crash, causing economical shortage everywhere, even globally, and this scared everyone, including the rich. This day was/ is known as “Black Thursday”, where over 2.9 million shares were traded. On “Black Tuesday”, five days later, more...
The U.S. market has had frequent crashes: 1929, 1962, 1987, 1998, 2000, and 2008. Every time, the bubble was driven by different sectors. In 1929, radio stocks were the Internet stocks of their day. In 1962, the electronic sector crashed. The previous year, most electronic stocks had ...
A notable degree of popularity attended the player piano in the early 20th century, especially as sales boomed in the 1920s. The stock market crash of 1929 and theof the 1930s effectively spelled the end of the player piano industry, although a few manufacturers attempted to struggle on throu...
Helping boomers survive a stock market crash: slow income growth, higher debt complicate retirement picture.(financial status of households)Thomas, Trevor
money into nondollar assets like foreign stocks and bonds. Over the past couple of years, he has become a regular, hectoring presence on cable-TV business shows–on CNBC they call him "Dr. Doom." Now he has a book out, ominously titled Crash Proof: How to Profit from the Coming Econom...
A liquidity trap due to fiscal policy mainly has to do with greater government spending. What happens is that the government spends more money expecting people to buy more and stimulate the economy. But instead of purchasing, people save the money to prepare for worse economic conditions. This ...
Generation X is the group of people born from the mid-1960s to the mid-1970s. The impact of Generation X on society was huge, with...
As we notedearlier today, the Fed, along with a slew of other Central Bankers, warmed up the whirlybirds and went out and about for a little joyride. Contrary tosome accounts, they were not respondingmad pleadings of JC. Rather, the Central Bankers around the world responded to a sudden...
Malcolm Tatum, a former teleconferencing industry professional, followed his passion for trivia, research, and writing to become a full-time freelance writer. He has contributed articles to a variety of print and online publications, including WiseGeek, and his work has also been featured in poetry...