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Stock Market Crash of 1929 Stock Market Crash of 1929
Stock Market Crash of 1929. On 24 October and again on 29 October 1929, panic selling swept the New York Stock Exchange. The index of common stocks had peaked in early September; within two months, however, it fell 39 percent, reducing the value of stocks traded on the exchange by $26 billion.The... Read more
Bull Market Bull Market
B ULLM ARKET Riding the Bull It is an understatement to say that during the 1990s the stock market was volatile. On 17 April 1991 the Dow Jones Industrial Average closed above three thousand points for the first time in history. By 1995 the Dow had gained 33.5... Read more
Frenzy Frenzy
283. Frenzy Beatlemania term referring to the Beatles’ (rock musicians) immense popularity; manifested by screaming fans in the 1960s. [Pop. Culture: Miller, 172–181] Big Bull Market speculation craze precipitated stock market crash (1929). [Am. Hist.: Allen,... Read more
Robert M. Solow Robert M. Solow
Solow, Robert M. 1924– BIBLIOGRAPHY The American economist and 1987 Nobel laureate Robert Merton Solow was born on August 23, 1924, in Brooklyn, New York. Several years after his birth, economics, in the United States and globally, launched a great leap forward after the stock market... Read more
Black Monday Black Monday
Black Monday Oct. 19, 1987, in U.S. history, day of financial panic. The Dow Jones Average fell 508.32 points, a drop of 22.6%, the largest since 1914. The point decline as well as the volume, 604.33 million shares, exceeded previous records. Among the possible causes were investors' anxiety... Read more
Jazz Age Jazz Age
JAZZ AGE JAZZ AGE. The novelist F. Scott Fitzgerald coined the term "Jazz Age" retrospectively to refer to the decade after World War I and before the stock market crash in 1929, during which Americans embarked upon what he called "the gaudiest spree in history." The Jazz Age is inextricably... Read more
Betty Parsons Betty Parsons
Parsons, Betty (née Pierson) (1900–1982). American art dealer, collector, painter, and sculptor, born in New York into a wealthy family. In 1919 she married Schuyler Parsons, a socialite, but divorced him in 1922. From then until 1933 she lived in Paris. After returning to the USA she... Read more
stock exchange stock exchange
stock exchange organized market for the trading of stocks and bonds (see bond ; stock ). Such markets were originally open to all, but at present only members of the owning association may buy and sell directly. Members, or stock brokers , buy and sell for themselves or for others, charging... Read more
ET ET
ET Extraterrestrial—a hypothetical, imagined or alleged being from outer space. The concept of visiting extraterrestrials has grown and developed since the mid-nineteenth century. As early as June 1864, a French newspaper reported the discovery of a mummified humanoid body inside a hollow,... Read more

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