Speculators caused a stock market crash in 1792, forcing the federal government to bail out New York bankers— and the nation
And how history shows it’s actually good for us
Will the current bull market die spectacularly, à la 1929, or—as in 1974—strangle in weird silence?
It cannot be measured in dollars alone. It involved a kind of personal power no man of affairs will ever have again.
Ever since 1792, bulls and bears together have tripped the light fantastic on Wall Street’s sidewalks—and sometimes just tripped