Kamis, 17 Mei 2012

how much would 25 million in 1929 be today?

Question by mike_b_284: how much would 25 million in 1929 be today?
this is part of what happened in 1929


"March 25: A mini-crash begins as investors start to sell, revealing the market's shaky foundations. For the many people playing the market with borrowed money, the day is a disaster, as margin calls wipe out their holdings. While the investors seek to borrow more money, interest rates soar to 20 percent. The New York Daily News calls it a "selling avalanche."

March 27: Banker Charles

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