Before World War I only small fractions of Americans invested or had interest in
the Stock Market. Many Americans thought of Wall Street with fear and loathing.
Populist politicians denounced Wall Street as the center of financial shell games thought
up by millionaire operators like Gould, Drew, Morgan and others.
But with the conclusion of the War, many of Americans were getting a different
perspective of the Stock Market. Many lost fears of investing due to many were
previously buyers of Liberty Bonds. Many Americans assumed they knew the
advantages of investing and knowledgeable about stock splits, margin accounts,
dividends, etc. New financial methods, the investment trust offered new approaches to investing in the market and many major corporations such as General Motors, General Electric and AT&T offered common stock and bonds were starting to boom and attracted many new money-seeking investors.
And till last month, the market was center of......
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Approximate Word Count: 496
Approximate Pages: 2 (260 words per double-spaced page) |