A century ago, Wall Street was a markedly different landscape, reflecting the economic and cultural dynamics of early 20th-century America. The 1920s, often referred to as the Roaring Twenties, saw a significant boom in the U.S. financial markets. The stock market was characterized by booming investments in industries like automotive and consumer goods, which were fueled by technological innovations and mass production.
The Dow Jones Industrial Average, a key barometer of market health, was just beginning to gain prominence. Trading was largely conducted through a network of brokers, and information traveled slowly compared to today’s instant access. Speculation was rampant, with many investors participating in what would later become recognized as a precarious bubble.
This era also witnessed the emergence of financial institutions that laid the groundwork for modern market practices. However, the decade’s exuberance would lead to the catastrophic crash of 1929, signaling the onset of the Great Depression, forever altering the trajectory of Wall Street and U.S. economics.
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