American Society … …in the 1920’s STOCK BROKERS : IN THIS POWERPOINT: -STOCK AND SHARES IN THE 1920’s -THE GREAT WALL STREET CRASH Jos Ma, Mabel Lo, Vinay Vaswani & Megan Chan (9E) What’s a Stock Broker?
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…in the 1920’s
STOCK BROKERS: IN THIS POWERPOINT:
-STOCK AND SHARES IN THE 1920’s
-THE GREAT WALL STREET CRASH
Jos Ma, Mabel Lo, Vinay Vaswani & Megan Chan (9E)
Luck plays a big part in investing as well.
1,000 $1.00 stocks/shares
INVEST! ($1.00 increases to $1.50)
Stocks can be a quick way to earn money!
Investing is a form of earning money.
1,500 $1.50 stocks/shares ($500 profit)
National Association of Securities Dealers Automated Quotations
A section of Wall Street today. The building on the right (with the American flag) is the main NYSE office building.
America’s wealth in the 1920’s
John J. Raskob
Major investor Will Payne, stated that the Wall Street Stock Exchange had become such an easy way to make money that it ceased to be a gamble, because in a gamble, someone loses – but when invested in stocks and shares, “everybody wins”.
People thought the market could sustain the growing high prices, “Stock prices have reached what looks like a permanently high plateau.” – Irving Fisher.Quotes
Crowd gathering outside NYSE after the crash