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Tag Archives: Wall Street
Four Gold Pens
The title of my documentary refers to the signing of the Federal Reserve Act by President Woodrow Wilson in 1913. He used four gold pens to sign the document as reported by the New York Times. My documentary consists of real footage and recreated scenes accompanied with great music like the song “Money Makes the World go Round” from the movie Cabaret and “Money” by Pink Floyd. It covers relevant economic history beginning with the Panic of 1907 and ending with the establishment of the FDIC Act in 1933.
The image above shows J. P. Morgan (middle) and his daughter arriving in Washington DC. for the Pujo Hearings. The purpose of the hearings was to investigate the “Money Trust” or the connections between Wall Street bankers who had and still have powerful control over the Nation’s finances. Scenes from the hearings play an important part in my documentary since they show a strong opposition against the financial elite at that time. The hearings took place from May 1912 to January 1913.
Posted in 1900-1916, 1916-1920, 1920-1932, 1932-1940, Economic History, Final Exam Component
Tagged FDIC, Federal Reserve Act, J. P. Morgan, Money Trust, Panic of 1907, Wall Street
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The Wall Street Crash of 1929 and Jesse Livermore
My screenplay will focus on the Wall Street crash of 1929 and Jesse Lauriston Livermore (July 26, 1877 – November 28,1940), a stock trader. The image will be used to show the audience the comparison of panic on the Wall Street and a person who made more than 100 million dollars at the Wall Street crash.
Posted in 1920-1932, Economic History
Tagged Financial Crisis, stock market, Wall Street
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1929 Wall Street Stock crash
The stock market crash in 1929 made many people lose all their money overnight. Many people committed a suicide aftermath. Therefore, the Fox Movietone News made movies advising people to do not put their money on stocks. However, it wouldn’t last long until people started investing their money on stocks again.
Posted in 1920-1932, June 28 assignment, Uncategorized
Tagged 1929, market, stock, Wall Street
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2008 Economic breakdown
Recent crisis begun in the USA early fall of 2008, but the first warning we got when Lehman Brothers declared bankruptcy. In the fall of 2008 most of big financial institution experienced huge financial problems. Many small banks bankrupted, but large institutions like Bank of America, or City Bank needed help in from of bailouts. All these problems were caused by too loose credit policy. Banks were giving credits very easily to people who weren’t able to pay them of.
I’m attaching a link to a website with several articles about crisis where you can also find a short movie which in a interesting way illustrates the reasons of crisis.
http://www.globalissues.org/article/768/global-financial-crisis
Although it’s gotten a little better we still see people struggling with the consequences of the whole economic situation. I hope people take this lesson and we will never have to experience anything like this again.
Posted in 2001-present, Economic History, June 7 assignment, June 8 assignment
Tagged crisis, Wall Street
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