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Wall Street Crash
The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is mostly associated with October 24, 1929, called ''Black Thursday'', the day of the largest sell-off of shares in U.S. history, and October 29, 1929, called ''Black Tuesday'', when investors traded some 16 million shares on the New York Stock Exchange in a single day. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. Background The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Americ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street
Wall Street is an eight-block-long street in the Financial District of Lower Manhattan in New York City. It runs between Broadway in the west to South Street and the East River in the east. The term "Wall Street" has become a metonym for the financial markets of the United States as a whole, the American financial services industry, New York–based financial interests, or the Financial District itself. Anchored by Wall Street, New York has been described as the world's principal financial center. Wall Street was originally known in Dutch as "de Waalstraat" when it was part of New Amsterdam in the 17th century, though the origins of the name vary. An actual wall existed on the street from 1685 to 1699. During the 17th century, Wall Street was a slave trading marketplace and a securities trading site, and from the early eighteenth century (1703) the location of Federal Hall, New York's first city hall. In the early 19th century, both residences and businesses occupied the a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Call Money
Call money is minimum short-term finance repayable on demand, with a maturity period of one to fourteen days or overnight to a fortnight. It is used for inter-bank transactions. The money that is lent for one day in this market is known as "call money" and, if it exceeds one day, is referred to as "notice money." Commercial banks have to maintain a minimum cash balance known as the cash reserve ratio. Call money is a method by which banks lend to each other to be able to maintain the cash reserve ratio. The interest rate paid on call money is known as the call rate. It is a highly volatile rate that varies from day to day and sometimes even from hour to hour. There is an inverse relationship between call rates and other short-term money market instruments such as certificates of deposit and commercial paper. A rise in call money rates makes other sources of finance, such as commercial paper and certificates of deposit, cheaper in comparison for banks to raise funds from these sour ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chase National Bank
JPMorgan Chase Bank, N.A., Trade name, doing business as Chase Bank or often as Chase, is an American national bank headquartered in New York City, that constitutes the retail banking, consumer and commercial bank, commercial banking subsidiary of the U.S. Multinational corporation, multinational banking and financial services holding company, JPMorgan Chase. The bank was known as Chase Manhattan Bank until it merged with J.P. Morgan & Co. in 2000. Chase Manhattan Bank was formed by the merger of the Chase National Bank and the Manhattan Company in 1955. The bank merged with Bank One Corporation in 2004 and in 2008 acquired the deposits and most assets of Washington Mutual. Chase offers more than 5,100 branches and 17,000 Automated teller machine, ATMs nationwide. JPMorgan Chase & Co. has 250,355 employees (as of 2016) and operates in more than 100 countries. JPMorgan Chase & Co. had assets of $3.31 trillion in 2022, which makes it the List of largest banks in the United States ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Albert Wiggin
Albert Henry Wiggin (February 21, 1868 – May 21, 1951) was an American banker. General Electric's Owen D. Young once described him as "the most colorful and attractive figure in the commercial banking world" of his time. Wiggin was the Director of privately owned Federal Reserve Bank of New York 1932-33. Wiggin was also the only member of the Federal Reserve Bank to have a law written precisely against his actions, the “Wiggin Provision”, when Albert was forced to “resign in disgrace after it was revealed that he had been short-selling his own bank’s stock” Biography Born in the town of Medfield, Massachusetts, Albert Wiggin was the son of a Unitarian minister, James Henry Wiggin, and Laura Newton. He had a brother, Langley Wiggin. Wiggin graduated from English High School of Boston in 1885 and went on to work for J.B Moors & Company as a runner. Eight months later, he worked as a bookkeeper for another Boston bank run by his uncle called the National Bank of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thomas W
Thomas may refer to: People * List of people with given name Thomas * Thomas (name) * Thomas (surname) * Saint Thomas (other) * Thomas Aquinas (1225–1274) Italian Dominican friar, philosopher, and Doctor of the Church * Thomas the Apostle * Thomas (bishop of the East Angles) (fl. 640s–650s), medieval Bishop of the East Angles * Thomas (Archdeacon of Barnstaple) (fl. 1203), Archdeacon of Barnstaple * Thomas, Count of Perche (1195–1217), Count of Perche * Thomas (bishop of Finland) (1248), first known Bishop of Finland * Thomas, Earl of Mar (1330–1377), 14th-century Earl, Aberdeen, Scotland Geography Places in the United States * Thomas, Illinois * Thomas, Indiana * Thomas, Oklahoma * Thomas, Oregon * Thomas, South Dakota * Thomas, Virginia * Thomas, Washington * Thomas, West Virginia * Thomas County (other) * Thomas Township (other) Elsewhere * Thomas Glacier (Greenland) Arts, entertainment, and media * ''Thomas'' (Burton novel) 1969 nove ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banker
A bank is a financial institution that accepts Deposit account, deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a Bank regulation, high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure accounting liquidity, liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concept ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ticker Tape
Ticker tape was the earliest electrical dedicated financial communications medium, transmitting stock price information over telegraph lines, in use from around 1870 through 1970. It consisted of a paper strip that ran through a machine called a stock ticker, which printed abbreviated company names as alphabetic symbols followed by numeric stock transaction price and volume information. The term "ticker" came from the sound made by the machine as it printed. The ticker tape revolutionized financial markets, as it relayed information from trading floors continuously and simultaneously across geographical distances. Paper ticker tape became obsolete in the 1960s, as television and computers were increasingly used to transmit financial information. The concept of the stock ticker lives on, however, in the scrolling electronic tickers seen on brokerage walls and on news and financial television channels. Ticker tape stock price telegraphs were invented in 1867 by Edward A. Calahan, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Harga Saham Wall Street 1929 - 1932 Menjunam
Harga is a town in the Thion Department of Gnagna Province in eastern Burkina Faso Burkina Faso (, ; , ff, 𞤄𞤵𞤪𞤳𞤭𞤲𞤢 𞤊𞤢𞤧𞤮, italic=no) is a landlocked country in West Africa with an area of , bordered by Mali to the northwest, Niger to the northeast, Benin to the southeast, Togo and Ghana to the .... The town has a population of 1042. References Populated places in the Est Region (Burkina Faso) Gnagna Province {{Gnagna-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Clarence Hatry
Clarence Charles Hatry (16 December 1888 – 10 June 1965) was an English company promoter, financier, bankrupt, bookseller and publisher. The fall of the Hatry group in September 1929, which had been worth about £24 million (), is cited as a contributing factor to the Wall Street Crash of 1929.John Stepak"Did one man trigger the Great Depression?" ''Money Week'', 17 November 2017. Retrieved 21 May 2019. Economist John Kenneth Galbraith described Hatry as "one of those curiously un-English figures with whom the English periodically find themselves unable to cope." Rise in business Born in Hampstead, Hatry began his professional career as an insurance clerk in London's West End. Shrewd fellow-promoters remember that "Clarence" made his first killing in silk. He then recouped the ensuing bankruptcy in insurance, through City Equitable, a modest reinsurance business. It was bought from German and Austrian owners in 1914 for £60,000; Hatry reorganised it in six months and sold a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Roger Babson
Roger Ward Babson (July 6, 1875 – March 5, 1967) was an American entrepreneur, economist, and business theorist in the first half of the 20th century. He is best remembered for founding Babson College. He also founded Webber College, now Webber International University, in Babson Park, Florida, and the defunct Utopia College, in Eureka, Kansas. Babson was born to Nathaniel Babson and his wife Ellen Stearns as part of the 10th generation of Babsons to live in Gloucester, Massachusetts. Roger attended Massachusetts Institute of Technology and worked for investment firms before founding Babson's Statistical Organization (1904), which analyzed stocks and business reports; it continues today as Babson-United, Inc. On March 29, 1900, Babson married his first wife, Grace Margaret Knight, who died in 1956. In 1957, he married Nona M. Dougherty, who died in 1963. Babson died in 1967. Work on financial theory Babson's success as an investor was based on unorthodox views of the opera ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bull Market
A market trend is a perceived tendency of financial markets to move in a particular direction over time. Analysts classify these trends as ''secular'' for long time-frames, ''primary'' for medium time-frames, and ''secondary'' for short time-frames. Traders attempt to identify market trends using technical analysis, a framework which characterizes market trends as predictable price tendencies within the market when price reaches support and resistance levels, varying over time. A market trend can only be determined in hindsight, since at any time prices in the future are not known. Market terminology The terms "bull market" and "bear market" describe upward and downward market trends, respectively, and can be used to describe either the market as a whole or specific sectors and securities. The terms come from London's Exchange Alley in the early 18th century, where traders who engaged in naked short selling were called "bear-skin jobbers" because they sold a bear's skin (the s ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CFO (magazine)
''CFO'' is a monthly magazine published in the United States. It was launched in 1985 for chief financial officers (CFOs) and other financial executives in companies in the U.S. The Economist Group acquired the magazine in 1988 and sold it in 2010 to the private equity firm Seguin Partners. In 2016, ''CFO'' was bought from Sequin Partners by Argyle Executive Forum. And finally in 2020 the magazine was acquired by Industry Dive, a business-to-business publisher that provides news to industry executives. The magazine carries a mixture of regional and global content aimed at CFOs and other decision makers in their respective industries. ''CFO'' magazine reaches 440,000 individually qualified readers. The magazine is a requested, controlled-circulation title so all registered readers are senior level financial decision makers who have requested the magazine. ''CFO''s circulation is audited by BPA Worldwide BPA Worldwide is a US-based company that provides independent, third-party a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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