Wall Street Crash of 1929 one aspect of the crash: It wiped out billions of dollars of wealth in one day, and this immediately depressed consumer buying. The failure set off a worldwide run on US gold deposits (i.e. the dollar), and forced the Federal Reserve to raise interest rates into the slump. Some 4,000 banks and other lenders ultimately failed. Also, the uptick rule, which allowed short selling only when the last tick in a stock's price was positive, was implemented after the 1929 market crash to prevent short sellers from driving the price of a stock down in a bear raid. The stock
The Wall Street Transcript analysts from leading investment banks around the world and publishing these interviews verbatim. "The Wall Street Transcript" does not endorse the views of those interviewed, nor does it make stock recommendations. The "Wall Street Transcript" highlights micro-cap and small-cap stocks that may go overlooked by many investors, while its CEO interviews often offer commentary to investors in larger-cap stocks as well. Large investment houses such as Merrill Lynch, Morgan Stanley, and Goldman Sachs contribute their opinions on various market topics regularly to "The Wall Street Transcript". "The Wall Street Transcript" has been awarded various awards and accolades, as well as