- Jul 22, 2016
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/—-/ No post that bitchslaps you lying deceitful libtards is worthless./----/ As an uninformed libtard, of course, that is what you believe. It was actually caused by many factors - none of which were conservative by any stretch of the imagination.At the time conservatives crashed the stock market leaving the country in a depression. I suspect conservatives at the time felt that people that had no jobs should just starve./----/ Dems vow to bring back the glory days of FDR's soup kitchens - FREE FOOD FOR ALLI could easily see our booming economy stalling out if the left takes hold in November.
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Kind of like they feel about healthcare today. If you can’t afford it die fukers, just die and make it quick.
In late September 1929, investors had been worried about massive declines in the British stock market. Investors in Clarence Hatry's company lost billions when they discovered he used fraudulent collateral to buy United Steel. A few days later, Great Britain's Chancellor of the Exchequer, Philip Snowden, described America's stock market as "a perfect orgy of speculation." The next day, U.S. newspapers agreed. They quoted U.S. Treasury Secretary Andrew Mellon, who said investors "acted as if the price of securities would infinitely advance."
In response, the Dow dropped significantly on both of those days, and again on October 16. By the 19th and 20th, The Washington Post reported a drop in ultra-safe utility stocks. (Source: "The 1929 Stock Market Crash.")
The day before Black Thursday, The Washington Post headlines blared "Huge Selling Wave Creates Near-Panic as Stocks Collapse," while The Times screamed "Prices of Stocks Crash in Heavy Liquidation." By Black Thursday, panic had set in for the worst stock market crash in history.
The crash followed an asset bubble. Since 1922, the stock market had gone up by nearly 20 percent a year. Everyone invested, thanks to a financial invention called buying "on margin." It allowed people to borrow money from their broker to buy stocks. They only needed to put down 10-20 percent. Investing this way contributed to the irrational exuberance of the Roaring Twenties. (Source: Dow figures taken from Yahoo Finance DJIA Historical Prices.)
Worthless post.
Our forum old fart white boys sucking off their socialist benefits can't understand