Abstract

Wall Street Upside Down
Bernheim, Alfred L. | November 27, 1929 issue

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This article reports on stock market crash in the U.S. When trading in securities ended for the day on November 13, 1929, the average price of industrial stocks which make up the Dow-Jones index had fallen 182.48 points from the high mark reached on September 3, 1929. Attempts to account for the crash of 1929 have been many and varied. The most widely voiced and most widely accepted opinion, however, is that the break was caused by the maladjustment between prices of common stocks and their investment value and was not brought about by a credit stringency or a business recession.

See Also:

FINANCIAL crises; SECURITIES industry -- United States; SECURITIES -- Prices; STOCKS -- Prices; DEPRESSIONS -- 1929; RECESSIONS; UNITED States
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