1929 Stock Market Cr

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Title: 1929 Stock Market Cr

Essay Details:

Subject: American History

Author: Carl M

Date: April 21, 2013

Level: University

Grade: A

Length: 8 / 2198

Essay text:

Financial reporting transformed from a management focused, unregulated activity to a series of requirements, strictly regulated by the federal government, with the purpose of protecting investors. This change was brought about by the combined efforts of the accounting profession and government. To understand the significance of these changes it is important to understand the economic, political and business environments leading up to and subsequent to the 1929 Crash. Environment leading up to the 1929 crash There was real growth during the 1920's. Total real income rose by 10.5% per year from 1921 to 1923 and by 3...

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