Eps 1: Berlin Stock Exchange Stocks Crash
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| Host image: | StyleGAN neural net |
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| Content creation: | GPT-3.5, |
Host
Roy Vasquez
Podcast Content
International investors use XBER for trading stocks, bonds, certificates, warrants, government funds, exchange-traded funds , and exchange-traded commodities . In addition to equity, the exchange lists foreign and domestic bonds.
With the arrival of MiFID , the Berlin Stock Exchange decided to fully re-align with the advent of the Equiduct Trading, a new market segment, where the exchange would become truly European. Equiduct Trading will enable the Berlin Stock Exchange to broaden its services offerings, which have so far been mostly for retail investors, offering tailored solutions to professional market participants.
An aerial view of the New York Stock Exchange, Wall Street, during the 1929 stock market crash. Front pages of American newspapers dedicated to the collapse of Wall Street on October 24. When Wall Streets stock market crashed Tuesday, October 29, 1929, it sent financial markets around the world into a tailspin, causing catastrophic consequences.
On what became known asBlack Thursday, phony reports flew across Wall Street of anxious bankers and investors jumping from the windows of skyscrapers, and plunging just as fast as the stock market itself. On Oct. 24, 1929, a day that came to be known as Black Thursday, investors began selling off their stocks at a frightening pace. Stock fever was gripping the United States, or at least the people who had the means to invest.
By the end of the day, rich financiers such as J.P. Morgan had gathered their resources and started buying stocks, hoping to turn things around. Wealthy investors like J.P. Morgan wanted to stem the Great Crash in 1929 by pooling their resources and buying up massive amounts of stocks. In his article "Everybody Must Be Rich" published in the Ladies Home Journal, John G. Raskob, a wealthy financier, advised Americans to put only $15 dollars per month into the stock market.
When the stock market itself took a plunge further on "Black Tuesday," John Shwitzgebel shot and killed himself in a Kansas City club. With the New York Stock Exchange in free-fall, a nervous crowd descending upon Wall Street heard the news that 11 traders had already taken their own lives. Nine days later, George Cutler, 65, head of a wholesale produce company and member of the New York Mercantile Exchange, had taken large losses on the market, and nine days later, George Cutler, 65, leapt off a ledge of the seventh floor just outside the offices of lawyer George Cutler, landing on a car lot on Wall Street.
The day after the collapse, the world looked slightly better, at least inside big trading rooms. The markets had performed admirably over the previous 2 1/2 years, rising 37% in 1927, 44% in 1928, and 28% during the summer months of 1929. While the Roaring 20s were marked by rising stock values, the last four years saw a burst of the stock market. With all the big companies and banks leaving West Berlin, the stock market never recovered its prominence that it had prior to WWI.
Lenders were so sure the stock market would go up, such transactions became routine, even though the Federal Reserve Board warned against such practices. When the foreign capital was suddenly required, and as the global market dried up for German exports, Germanys well-oiled industrial machinery soon ground to a halt.
Based on the markets performance during this period, one can reasonably speculate that the composer Irving Berlin began investing $2 million in early 1926. By the time songwriter Irving Berlin died in 1989, at age 101, Berlin would have seen his $2 million increase to $1.1 billion, despite a stock market crash, a Great Depression, World War, and multiple smaller crises. The $2 million would have subsequently grown to $5 million, which is what it was when the 1929 stock market crashed.
Data analyzed by State Street Global Advisors shows that most of the $120 trillion of emerging-market debt worldwide has been issued since the fall of the Berlin Wall. We are going to take a look at a timeline of stock market crashes, as well as what kind of economic effect, if any, they had around the globe. It is important to note that not all market crashes have had lasting economic effects.
If all investors attempt to sell shares all at once, and nobody is prepared to buy, market values fall. Because the price of stocks is not sustainable, eventually, the market may collapse. When investors think that a stock is worth more, they are willing to pay more per share, and its value increases.
In 1922, the Statistical Offices stock index was calculated for the first time, based on average prices for about 300 representative shares on the Berlin Stock Exchange. Historically, the reference index, DAX, reached its highest point ever at 15805.11, in June 2021. BERLIN -- When Wall Streets stock market crashed on Oct. 24, 1929, the financial earthquake devastated Germany and helped fuel Adolf Hitlers march to power.