The Only Black Friday History Resources You Will Ever Need

The Only Black Friday History Resources You Will Ever Need

The Only Black Friday History Resources You Will Ever Need

It is certainly just a coincidence, but in the economy and especially on the stock exchanges, there are a whole series of unfortunate events that fall on a Friday. By the term "Black Friday" is meant a stock market crash (stock market crash) or another sudden setback with supraregional effect.This article would be the only black Friday history resource you will ever need.

Black Friday - a stock market crash

After new foreign exchange regulations came into force in Germany, it came on Friday, 13 May 1927, on the German stock exchange to a huge fall in price. Many people lost all their money.

Where does the term "stock market" come from?



The first joint stock company

By the end of the 16th century, the Portuguese were the most powerful merchant fleet in the world. This was a thorn in the side of the ambitious Dutch and in 1602 several previously competing Dutch companies joined forces. They founded the United East India Company (V.O.C.). The V.O.C. was the first company to offer its shares publicly and trade on the stock exchange.

The Only Black Friday History Resources You Will Ever Need


Even then, there were already profits in the form of dividends, which consisted not only of money but often from natural products such as salt, pepper, and wool. For example, the owners of Eifelturm shares were allowed to use the Eiffel Tower elevator free of charge once a year.

High speculative times


Stock trading has always been risky. The Dutch tulip scandal is one of the most popular examples of dangerous speculation:
When we talk about "Black Friday" today, we generally mean the day when a collapse in the US triggered the worst crisis in the world economy so far.

The Only Black Friday History Resources You Will Ever Need


Since the beginning of the twenties, Americans and Europeans have been improving year by year. The economy was booming and income increased in the golden twenties.

No one could imagine more a decline in economic development. Unconcerned, the small and large investors dealt with their savings and bought everything that was called only "stock". If there was no private fortune to speculate, bank loans could be obtained without much difficulty.

The stock market world seemed healthy until Friday, October 25, 1929 - the situation was now completely overwrought .... .... on this day, purchase orders were almost completely over, and the number of shares offered for sale was huge. The prices dropped into the bottomless.

Now everyone just wanted to save what could be saved. Some of the stock prices plummeted from a market value of over $ 100 to single-digit dollar amounts.

As a result of the stock market crash on Wall Street, the US together with the rest of the world crashed into a world economic crisis that lasted until 1931.

The Only Black Friday History Resources You Will Ever Need The Only Black Friday History Resources You Will Ever Need Reviewed by Jemi Culin on November 18, 2017 Rating: 5

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