Baltimore and Ohio Stock Certificate dated the day of the "Great Stock Market C for Sale

Baltimore and Ohio Stock Certificate dated the day of the "Great Stock Market C For Sale

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Baltimore and Ohio Stock Certificate dated the day of the "Great Stock Market C:
$120.00

This Stock Certificate is dated October 29, 1929 the day of the "Great Stock Market Crash". Printed by International Bank Note Co. New York. Please specify color. The Wall Street Crash of 1929, also known as the Great Crash, was a major American stock market crash that occurred in the autumn of 1929. It started in September and ended late in October, when share prices on the New York Stock Exchange collapsed. It was the most devastating stock market crash in the history of the United States, when taking into consideration the full extent and duration of its aftereffects. The Great Crash is associated with October 29, 1929, called Black Tuesday, the day after the largest sell-off of shares in U.S. history. The crash, which followed the London Stock Exchange's crash of September, signaled the beginning of the Great Depression. The "Roaring Twenties", the decade following World War I that led to the crash, was a time of wealth and excess. Building on post-war optimism, rural Americans migrated to the cities in vast numbers throughout the decade with the hopes of finding a more prosperous life in the ever-growing expansion of America's industrial sector. Despite the inherent risk of speculation, it was widely believed that the stock market would continue to rise forever: on March 25, 1929, after the Federal Reserve warned of excessive speculation, a small crash occurred as investors started to sell stocks at a rapid pace, exposing the market's shaky foundation. Two days later, banker Charles E. Mitchell announced that his company, the National City Bank, would provide $25 million in credit to stop the market's slide. Mitchell's move brought a temporary halt to the financial crisis, and call money declined from 20 to 8 percent. However, the American economy showed ominous signs of trouble: steel production declined, construction was sluggish, automobile sales went down, and consumers were building up high debts because of easy credit. Despite all the economic warning signs and the market bre Item ordered may not be exact piece shown. All original and authentic.