Question by mike_b_284: how much would 25 million in 1929 be today? this is part of what happened in 1929 "March 25: A mini-crash begins as investors start to sell, revealing the market's shaky foundations. For the many people playing the market with borrowed money, the day is a disaster, as margin calls wipe out their holdings. While the investors seek to borrow more money, interest rates soar to 20 percent. The New York Daily News calls it a "selling avalanche." March 27: Banker Charles Mitchell announces that the national city bank will provide $ 25 million in credit to stop the market's slide. His move stops the panic, and call money declines from 20 to eight percent. Senator and former Treasury Secretary Carter Glass calls for Mitchell to resign from his post on the Federal Reserve Board because of his intervention in the market." and later "October 24: "Black Thursday." The economic bubble finally bursts. Stock prices fall sharply on a day of heavy liquidation. Ticker tape runs four hours later than normal at a volume of 12.9 million shares. Headlines will report the market's paper loss at $ 5 billion. A pool of bankers act to stem the drop by putting more money into the market, and President Hoover reassures Americans that U.S. business is sound. Within a few days, a headline will read, "Brokers Believe Worst is Over and Recommend Buying of Real Bargains." October 28: "Black Monday." The stock market falls 22.6%, the highest one-day decline in U.S. history. The crash triggers similar declines in markets around the world. October 29: "Black Tuesday." Panic sets in as investors all try to sell their stocks at once. Over 16 million shares of stock are sold, setting a record -- and the market records over $ 14 billion in paper losses. Stock tickers cannot keep up with the heavy trading volume. At the end of the day, the market is down 33 points, more than 12.8%. Some of the nation's financial elite, including General Motors' William C. Durant and the Rockefeller family, show confidence by buying stocks, but their efforts fail to stem the tide." I am wondering how the first excerpt compares to the current bailout. It only kept the crash at bay for seven months. All the same factors were in place. an inflated market funded with borrowed money; declining home and property values; declining available credit; rampant, widespread personal debt, declines in domestic manufactering, lack of govt regulation, etc. When will people remember to stop forgetting history? for a full timeline of this event go to http://www.pbs.org/wgbh/amex/crash/timeline/timeline2.html Best answer for how much would 25 million in 1929 be today?:
Answer by JudePunk
alot.
Answer by katenyc123
75 million
Answer by SeanMazzTerz
Somewhere around 155 million to 225 million depending on the inflation and value.
Answer by Mark M
$ 302,600,700.53 using the Consumer Price Index $ 250,160,971.62 using the GDP deflator $ 615,835,777.13 using the value of consumer bundle * $ 948,375,870.07 using the unskilled wage * $ 1,344,323,529.41 using the nominal GDP per capita $ 3,331,925,675.68 using the relative share of GDP
Answer by John M
The long term average for inflation is 3.42% per year. So let's use that number for a rough cut. It's about 368 Million Dollars in today's dollars.
April 13, NYC: Occupy Wall Street gathers on the steps of Federal Hall to counter the closing bell of the New York Stock Exchange with "the People's Gong." Police make several arrests and attempt to prevent media from documenting them. Taped and edited by Atiq Zabinski, www.youtube.com
stocksmarketarticles.blogspot.com A13 Occupy Answers New York Stock Exchange 3:53 pm
NEW YORK, NY, Jul 05, 2012 (MARKETWIRE via COMTEX) -- Stock markets rallied Tuesday after recent data showed factory orders in May increased for the first time in three months. The slight increase in factory orders came as a positive sign after a trade ... Stock Markets Rally on Strong US Factory Data -- S&P Index Hits Two-Month High
Stock market---the very word sets many a million hearts racing with increased flow of adrenalin. Stock market is a public market and is a medium for buying and selling of company stocks. This business of trading in stocks can bring about a huge profit for the individuals staking large amounts on stock with a view to incur huge profits as the stock price increases and they are able to sell off their stocks at the increased price.
We find novices staking their life's income and wise young service holders risking huge sums in the stock market with the sole intention of doubling and tripling their money. Stock market is looked upon as a medium of incurring monetary gains in an easy way. But obviously, what people tend to forget is that it is a very volatile market and it is very much susceptible to the economic ups and downs; and putting money in the stock market is no less than a gamble involving unprecedented risks.
Stocks are traded and trading information is distributed by professionals through stock exchanges.
These stock exchanges thus can be labeled as market places facilitating the exchange of securities and providing real time stock prices. These markets can be real or virtual. The New York Stock Exchange is a good example of a physical exchange while NASDAQ is an example of virtual listed exchange.A few years ago, stock markets did not enjoy this inadvertent popularity as it does today. Somehow the global economy has played a vital role in calling a considerable amount of attention for the stock market concept. Now you would find stock traders in almost every nook and corner; be it a metropolitan or a small sleepy township; be it an MNC employee earning in lakhs per month or a petty government service holder struggling to make two ends meet; whether a retired professional investing huge amount of time and effort in studying the market upheavals or full-time workers hooked on to computers busily e-trading via Internet even during peak office hours.
Nowadays, you will find mobile alerts with trading advice in individual's cell phones every morning as soon as the stock market opens, you will also find banks facilitating the opening of d-mat accounts for its clients through which you can trade in stocks, also special TV channels dedicated to market studies and even financial experts airing special programs guiding the laymen as to which company shares should be given priority over which others.
Recently, there had been quite a bit of hue and cry over market collapse and sudden economic crash resulting in huge fall in stock prices and shares nose-diving underwater.
Millions of people lost huge sums of money. But it is heartening to see that the economy is reviving and stock markets are coming back to life, gradually. The present scenario spells a bit of stability for the stock market. But while the stock market is still recuperating from its shocking crash, the stock holders are still going through a wary phase and are even now pretty much unsure about whether to put in more money in stocks, and are also uncertain about issues like where to put their money and how much to put.In other words, the stock market concept, with all its pros and cons, have successfully extended its fangs in almost every household and is luring more and more people into its grip everyday by extending a tantalizing feel of generating easy money.
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