History Of The Stock Market
The United States, along with the rest of the world relies heavily on its economy and economic prosperity and benefits. They, as countries, especially rely on the stock market. The stock market, or stock exchanges, are associations of brokers and dealers in securities who transact business together. They facilitate the financing of business through the transfer of investment funds by bringing together the buyers and sellers of stocks and bonds. The stock market and exchanges prosperity, along with failure, dictates that economy of that country. The economic declines in the years of 1929-30, 1973-74, and 2000 are all somehow or another interrelated to the stock market. The economic depression that beset the United States and other countries in the late 1920s through the early 1930s was unique and informative in its magnitude and its consequences. The United States stock market crash occurred in October 1929. At the depth of the depression, in 1933, one American worke!
r in every four was out of a job. In other countries unemployment ranged between 15% and 25% of the labor force. Despite the seeming business boom, prosperity and gain, of the 1920s, however, there were serious
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