The 1929 Stock Market Crash Caught Nearly Everyone Off Guard. Are We Headed for a Similar Fate?

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Updated October 24, 2021 / Original October 20, 2021

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The Brooklyn Daily Eagle header connected “Black Thursday,” Oct. 24, 1929, proclaims, “Wall St. In Panic As Stocks Crash.”

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The ultimate authorities from Chase National Bank, Harvard University, and Barron’s were arsenic dumbfounded arsenic everybody else.

Chase’s president and Harvard’s treasurer were among the marketplace experts enlisted by Barron’s to justice its 1927 write-in contention that asked, “How would you put $100,000 for a concern man?” From 16 finalists, whittled down by Barron’s staffers from hundreds mailed successful by marketplace pros and amateurs astir the world, the judges awarded the $1,000 archetypal prize to Hazel Freeman.


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