NO240 Lecture Notes - Lecture 1: Schizophrenia, The Canadian Encyclopedia, Screwball Comedy Film
6 Sep 2016
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Public and private enterprise: the crash of 1929 and the great depression. Asia is currently in freefall and the stock market is currently very volatile. People were very transient because they had nowhere to go during the depression. The consumerism and optimism of the roaring twenties ended abruptly in october of 1929 with the crash. Michael schaller and his co-authors note that after a peak in prices in september of 1929, prices began falling on thursday october 24th and began to tumble again on monday, october 28th. Then, the next day on black tuesday, the bottom fell out of the market and [e]veryone wanted out, as banks and mortgage houses demanded the sale of stock to pay off margin debt. In ny, millionaires often lost all of their money, => ^ suicide rate. These margin calls were demands for the remainder of debt owed for stocks bought on speculation and with a partial payment of the total owed.
