The 1920s had been a time of great monetary prosperity. A inventory market peak occurred earlier than the crash. Across the 2 days, the Dow Jones Industrial Common fell 23%. Indeed, in the course of the presidential debates with Hillary Clinton, certainly one of his few appropriate financial assessments was that the Fed was propping up the inventory markets.
Crashes hit notably onerous on anybody coming into or approaching retirement, as the contents of 401(ok) and other retirement plans could also be value lower than the money the retiree initially put into the plan...Read More