Noble had a lot of shared sentiments with modern Wall Street re speculation, short selling, & government intervention in financial markets:pic.twitter.com/qRrDIEUku1
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The NYSE was shut down from July 31 to December 15 1914, the longest closure in its 200+ year history. The NYSE's President during the closure wrote a book about the entire saga - why the exchange closed for so long & what happened behind the scenes. I cant recommend it enough.pic.twitter.com/sA1ya4JLmP
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The NYSE's closing effectively meant Wall Street was closed, which along with the war had massive impacts on adjacent industries. Like journalism:pic.twitter.com/PCJ9CQGIbc
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Other crazy facts about the closure: - Wasn't decided until FOUR MINUTES before the market opened on 7/31 - Prevented a financial crisis that likely wouldve destroyed the economy on a wider scale than 2008 - Caused competing markets to spring up on surrounding street corners
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Here's a link to the book - seriously, give it a read. Its a fast-paced & entertaining story: https://www.gutenberg.org/files/29443/29443-h/29443-h.htm …
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