Thursday, January 23, 2020
1929 Stock Market Crash :: essays research papers
The 1929 Stock Market Crash      In early 1928 the Dow Jones Average went from a low of 191 early in the year, to a high of 300 in December of 1928 and peaked at 381 in September of 1929. (1929†¦) It was anticipated that the increases in earnings and dividends would continue. (1929†¦) The price to earnings ratings rose from 10 to 12 to 20 and higher for the market’s favorite stocks. (1929†¦) Observers believed that stock market prices in the first 6 months of 1929 were high, while others saw them to be cheap. (1929†¦) On October 3rd, the Dow Jones Average began to drop, declining through the week of October 14th. (1929†¦)      On the night of Monday, October 21st, 1929, margin calls were heavy and Dutch and German calls came in from overseas to sell overnight for the Tuesday morning opening. (1929†¦) On Tuesday morning, out-of-town banks and corporations sent in $150 million of call loans, and Wall Street was in a panic before the New York Stock Exchange opened. (1929†¦)      On Thursday, October 24th, 1929, people began to sell their stocks as fast as they could. Sell orders flooded the market exchanges. (1929†¦) This day became known as Black Thursday. (Black Thursday†¦) On a normal day, only 750-800 members of the New York Stock Exchange started the exchange. (1929†¦) There were 1100 members on the floor for the morning opening. (1929†¦) Furthermore, the exchange directed all employees to be on the floor since there were numerous margin calls and sell orders placed overnight. Extra telephone staff was also arranged at the member’s boxes around the floor. (1929†¦) The Dow Jones Average closed at 299 that day. (1929†¦)      On Tuesday, October 29th, 1929, the crash began. (1929†¦) Within the first few hours, the price fell so far as to wipe out all gains that had been made the entire previous year. (1929†¦) This day the Dow Jones Average would close at 230. (1929†¦) Between October 29th, and November 13 over 30 billion dollars disappeared from the American economy. (1929†¦) It took nearly 25 years for many of the stocks to recover. (1929†¦)      By mid November, the value of the New York Stock Exchange listings had dropped over 40%, a loss of $26 billion. (1929-1931) At one point in the crash tickers were 68 minutes behind. (1929-1931) An average of about $50,000,000 a minute was wiped out on the exchange. (1929-1931) A few investors that lost all of their money jumped to their deaths from office buildings.
Wednesday, January 15, 2020
Heroin and Pretty Good Book
Jude by Kate Morgenroth is a story about a fifteen year old named Jude. It’s a pretty good book about a kid who struggles in a drug and murder world. Jude’s mom abandoned him when he was young. His dad was drug dealer that mainly deal with heroin. Sadly his dad was murdered and he was a witness. He can’t go to the police or his life will be in danger. This is the story of a fifteen year old named Jude. When his dad dies of an overdose he is alone. Till his mom with open arms lets him in her life. The fact that his mom has a boyfriend didn’t make his stay easier. On top of that he is a police officer named Harry. Harry is a good guy but a stereotype towards Jude cause of his history with his dad. His mom thinks it would be best if he went to a private school. Jude didn’t like it and didn’t have many friends. One day a classmate dies of a overdose and Jude is the first person everyone looks at. Cause of his history with his dad he is held for trial for murder. Jude has a court date for his murder trial. Though innocent, he has no evidence to prove otherwise. His mom is worried and Harries trying to get the evidence to prove him not guilty. Jude is pretty much in his own world. This fifteen year old boy with a worried mother and died dad. All he can do is blame his dad for this horrible history he is left with. Then his mom’s boyfriend goes to his room to give him the news. He tries to explain the risky scheme he has came up with. Jude thought it was either the plan or jail so he decides to go through with it. The plan that Harry came up with was risky but it was all they got. He explains how he has to get his friend Anna elected for an anti-drug campaign that would clear his name and his history. He got news that he was going to be tried as an adult for his trail. It worried him that if the plan doesn’t work he could do up to 5 years. So he helps Harry on his plan to prove his innocents. It worked, he got Anna elected for the anti-drug campaign. When trail was up the biggest twist I have ever read. Harry double crossed him and got him sent to 5 years of hard labor. The plan was for finical gain towards the campaign and getting Jude out of the way. This story about a fifteen year old boy named Jude. About his drug, murder, and jail filled life. His life started with a dead drug dad and a mom that didn’t even want him. Now he is jail doing 5 years cause of his mother’s boyfriend. This is a story of a boy and his messed up world. This is probably the best book if u likes twist and action. I recommend this book to older teens like 15+ but a really good book.
Tuesday, January 7, 2020
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