Wall Street Crash of 1929 rate of 133 in 1931). The 1929 crash brought the Roaring Twenties to a halt. As tentatively expressed by economic historian Charles P. Kindleberger, in 1929, there was no lender of last resort effectively present, which, if it had existed and been properly exercised, would have been key in shortening the business slowdown that normally follows financial crises. The crash marked the beginning of widespread and long-lasting consequences for the United States. Historians still debate the question: did the 1929 Crash spark The Great Depression, or did it merely coincide with the bursting of a loose credit-inspired economic bubble? Only
Wall Street the financial market is volatile in conjunction with the existence of job insecurity, Wall Street workers are compensated through their salaries. In Situating Global Capitalisms: A View from Wall Street Investment Bankers by Karen Ho, she interviews a banker who believes that working for Wall Street puts them at the top of the hierarchal ladder in society. The banker feels that everything goes through Wall Street, in terms of loans, investments, change or growth. From his point of view, Wall Street values are embedded in power. Similarly to Sjöberg's article, The Wall Street Culture, she states that as she was