Stock Markets Exposed
Who profited from the stock market crash of 1929?
In an economy, money is never really "lost" - it is only transferred. Therefore, who received all of the money that middle-class citizens "lost" during the crash? Accurate, unsanitized takes, please.
Public Comments
- As far as the stock market was concerned, it was a highly speculative market, grossly overvalued and like the market today many people played it in the hope of realising big financial gains. Gambling, pure and simple. Others invested more seriously either in bum stocks or in sound companies which nevertheless had to take a write-down because of over-valued assets. There were fewer regulatory controls than today . The people who really made money out of it were those who chose to sell out at the height of the market boom, before it crashed.
- The railroads.
- Guess? The same big money people who pull the strings all the time and get fat from the pain and suffering of the little people. The same ones who have oil at a hundred bucks a barrel and are raking in the foreclosed on homes of the working class american stiffs who sweat for their daily bread.
