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 continue to learn more about Wall Street, we learn about each independent banker. As the banker brings their life experiences into the business, we can see the reasons for their actions. Each investor has a unique identity which contributes to the culture of Wall Street. Ideally, they live in the moment. However, job insecurity and the volatile nature of the market creates a constant state of fear within the investor. Therefore, they must organize themselves and follow a pattern to ensure security, profit and prosperity for the long run. Karen Ho wishes for us to see Wall Street through the