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Hemline Theory
The hemline index is a theory that suggests that skirt length (hemlines) rise or fall along with stock prices. The most common version of the theory is that skirt lengths get shorter in good economic times (1920s, 1960s) and longer in bad, such as after the Wall Street Crash of 1929, 1929 Wall Street Crash. However, the reverse has also been proposed with longer skirts signaling prosperity (1950s). The theory is often incorrectly attributed to economist George W. Taylor (professor), George Taylor in 1926. Taylor's 1929 thesis ''Significant post-war changes in the full-fashioned hosiery industry'' identified skirt length as one factor that led to explosive growth in the hosiery industry during the 1920s. But no "hemline theory" was actually proposed. Non-peer-reviewed research in 2010 supported the correlation, suggesting that "the economic cycle leads the hemline with about three years". Desmond Morris revisited the theory in his book ''Manwatching''. See also *Men's underwear i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street Crash Of 1929
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 Amer ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
