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
Wall Street Survivor and Daily Finance. The site generates revenue from advertising and referrals. Wall Street Survivor Wall Street Survivor is an educational website that teaches people the basic of finances. It uses gamification to teach concepts of the stock market, investing, and general financial planning. The website has been seen in publications which include "Business Insider", TechCrunch, "The Globe and Mail", and "Forbes". Wall Street Survivor was originally launched as a stock investing game which allowed users to invest in stocks using fake money. The current version was launched as an add-on to the site in 2012 and presented at the Finovate