ASIN: B00T8G3EAK
Publisher: Amazon.com Services LLC
Pages: 43
*Includes pictures*Includes accounts of the stock market crash written by newspapers and other contemporaries*Includes a bibliography for further reading*Includes a table of contentsThe Roaring Twenties were an age of optimism. New technology was being invented, and novel products were making their way to the store shelves. Americans believed that a new era, driven by technology, was upon them, and this optimism extended to financial markets. Investments especially soared in the bond market, where investors lent money to companies, and the stock market, where investors bought partial ownership of companies.During the 1920s, financiers believed that the economy would continue to boom, as it had been since the end of World War I. As a result, investors and financiers increasingly accepted lower and lower returns on money they lent. In the stock market, the result was much the same: stocks ...
