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Wall Street

Wall Street is a street in downtown New York City but more commonly refers to the entire financial district. It is home to the New York Stock Exchange, NASDAQ and considered one of the financial centers of the world.

431 Questions

Best slogan in Hindi for biodiversity development and povery eradication?

Slogans that promote jobs in the fields of biodiversity can be of great importance in Hindi. The promotion of jobs can eradicate poverty while opening up an important filed.

Why do they ring the bell at Wall Street?

because it is the time to start the orgy of money

How did wall street got its name?

Free-roaming hogs were famous for rampaging through the valuable grain fields of colonial New York City farmers. The Manhattan Island residents chose to block the troublesome hogs with a long, permanent wall on the northern edge of what is now Lower Manhattan. A street came to border this wall -- named aptly enough, Wall Street.

Did speculation contribute to the wall street crash or 1920?

Speculation contributed to the wall street crash. This is because people bought shares into companies. Speculation was when people would start to rumor and say that a company was going under. As no one would want to be with a company that would be making them lose money people wanted to get out quick. This would lead to people in great masses trying to sell there shares of the company. As people were so desperate not to lose money they would start lowering there prices just to get rid off it. This meant everyone had to lower their prices to. However, no one wants to buy into a broke company and the shares then became worth nothing. This would then lead to the company going out of business even if they were not in the first place. This happened to lots of companies all across America. So speculation definitely contributed to the Wall Street crash.

What would 100 shares of Wal-Mart stock bought in 1969 be worth today?

Uhh...Walmart's initial public offering was in October 1970, so there were no Walmart stocks to be bought in 1969.

What does the phrase wall street main street means?

In today's highly charged political world:

Wall Street -- Ultra Rich Corporates (primarily Bank execs) who perhaps constitute a major portion of the "1% elite"

Main Street -- Main stream people like the Average Joe and Jane who earn modestly and lead a modest life.

What is wall street famous for?

Wall Street was famous for the economics that blacks have

Explain the sentence the suits on the Wall Street walked off most of your savings?

Can't be done because the practice continues with bonsuses for everyone and an average weekly income of $8,500.00. That is about the same that a Bird Colonel with 18 years of service makes a month.

How the wall street crash led to the Great Depression?

The date was October 24, 1929,it was called Black Thursday. The stock market crashed. The optimistics believed they would recover but soon the numbers proved them wrong. unemployment reached the highest numbers ever where no other country suffered numbers like this except Germany.

No one knew how best to respond to the crisis. President Hoover believed the dole would do more harm than good and that local governments and private charities should provide relief to the unemployed and homeless. By 1931, some states began to offer aid to local communities.

FDR, then governor of New York, worked with Harry Hopkins and Frances Perkins to begin a direct work relief program. This helped only a very few. By 1932, only 1/4 of unemployed families received any relief. In 1932, only 1.5 percent of all government funds were spent on relief and averaged about $1.67 per citizen. Cities, which had to bear the brunt of the relief efforts, teetered on the edge of bankruptcy. By 1932, Cook County (Chicago) was firing firemen, police, and teachers (who had not been paid in 8 months). Breadlines and Hoovervilles (homeless encampments) appeared across the nation.

Those hurt the most were more stunned than angry. Many sank into despair and shame after they could not find jobs. The suicide rates increased from 14 to 17 per 100,000. Protest that did occur was local, not national: "farm holidays," neighbors of foreclosed farmers refusing to bid on farms at auction, neighbors moving evicted tenants' furniture back in, and local hunger marches.Resistance to protest often turned violent.

In 1932, four members of the Dearborn hunger march were shot and killed when 1,000 soldiers accompanied by tanks and machine guns evicted veterans living in the Bonus Army camp in Washington, D.C.FDR, after assuming the presidency, promoted a wide variety of federally funded programs aimed at restoring the American economy, helping relieve the suffering of the unemployed, and reforming the system so that such a severe crisis could never happen again. However, while the New Deal did help restore the GNP to its 1929 level and did introduce basic banking and welfare reforms, FDR refused to run up the deficits that ending the depression required.

Only when the federal government imposed rationing, recruited 6 million defense workers (including women and African Americans), drafted 6 million soldiers, and ran massive deficits to fight World War II did the Great Depression finally end.

This is only a resumen of the story how the Stock market crash lasted for long hard years.

sources:

Leuchtenburg, William E. Franklin D. Roosevelt and the New Deal, 1932-1940. New York: Harper Torchbooks, 1963, passim.

McElvaine, Robert S. The Great Depression: America, 1929-1941. New York: Times Books, 1993, passim.

Where to prices for gold?

Gold price changes daily. You can refer to newspapers or websites that provide daily gold prices.

What countries were affected by the wall street crash in 1929?

First of, for those people who know chaos theory, everything is connected (it's the whole butterfly causing typhoons thing).

Because this is true, that means that all countries were affected by the economic crash of 1929. In fact, lots of countries had it even worse than the United States of America did (especially the Europeans who were exporting to the USA).

Hope this helped

Why is Wall Street so famous?

it was so famous for it's Economics the blacks have.

How did the Wall Street crash affect Germany's economics problems?

The US gave Germany (and other countries) Huge loans after the war. So when the US economy went down, they needed the money back. The Germans did not know what to do. Many American factories and workplaces in Germany shut down.

The value of the Deutsche Mark fell tremendously and you needed to take a cart full of money to the checkout because it was worth nearly nothing.

Was the Wall Street crash the only cause of the great depression in 1929?

there is no main cause, all causes are equal for without one cause then the crash wouldn't have happened. for example with out over production there would have been no crash at all and without a panic reaction, there wouldn't have been a crash at the end, it would have all corrected itself out over time.

What were the consequences of the wall street crash?

The Wall Street Crash crashed in October 1929, the world's economy plunged into the Great Depression, and the causes of the Depression were:

Ø Too many goods were being produced, but less people to buy them

Ø Farmers produced to many goods, so prices went steadily lower of the goods

Ø There were too many small banks - these banks did not have enough funds to cope with the sudden rush to take out savings, which happened in the autumn of 1929.

Ø Too much speculation on the stock market - the middle class had a lot to lose and they had spent a lot on what amounted to pieces of paper.

Ø Also Many more……

The effects of the depression were:

  • Unemployment - 13 million people were out of work.
  • Industrial production dropped by 45 per cent between 1929 and 1932.
  • House-building fell by 80 per cent between 1929 and 1932.
  • The entire American banking system reached the brink of collapse.
  • From 1929 to 1932, 5,000 banks went out of business.