Stock Market

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Pre-written Papers:

Title: Stock Market

Essay Details:

Subject: Miscellaneous

Author: Tammy G

Date: March 9, 2016

Level: University

Grade: A

Length: 2 / 529

Essay text:

On Tuesday morning, out-of-town banks and corporations called in $150 million of call loans, and Wall Street was in a panic before the New York Stock Exchange opened. On October 24, 1929, people began selling their stocks as fast as they could. Sell orders flooded market exchanges. On a normal day, only 750-800 members of the New York Stock Exchange started the Exchange. However, there were 1100 members on the floor for the morning opening. The Exchange then directed all employees to be on the floor since there were numerous margin calls and sell orders placed overnight and extra telephone staff was arranged at the members' boxes around the floor...

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