Better off in a Stocking
Jamie Martin: The Financial Crisis of 1914, 22 May 2014
Saving the City: The Great Financial Crisis of 1914
by Richard Roberts.
Oxford, 320 pp., £20, November 2013,978 0 19 964654 8 Show More
by Richard Roberts.
Oxford, 320 pp., £20, November 2013,
“... selling of securities caused prices to collapse. Between 20 and 30 July, the price of shares in major businesses fell dramatically: Canadian Pacific Railway and Rio Tinto Copper dropped 15 and 24 per cent respectively. With everyone looking to sell, and almost no one to buy, the market in securities evaporated. On Sunday, 26 July, the bourses in Vienna and ... ”