Stocks Quotes
First female presidential candidate & first divorcee to run for that office. Woodhull and her sister became the first women to obtain a seat on the New York Stock Exchange. They made a great deal of money, and then Woodhull wrote an exposé of Wall Street and the way the Stock Exchange was rigged. It was almost 100 years before the New York Stock Exchange would take a chance on another woman.
Other brokers were very distressed with this ad feeling that Schwab was appearing to be “holier than thou.” The reality was that Schwab’s firm didn’t make the kinds of deals of other brokers and so actually behaved “holier” than most.
When the stock market crashed, the Board of Governors was entertaining the idea of putting a syndicate of banks together or back some financiers who would buy up the stock that people were trying to sell. There were those who wanted to sell but no buyers at any price. They concept of a market was being destroyed. Lamont correctly explained that the idea was not practical—it was too late for that. Lamont however had underestimated the market crash and made a feeble effort to assist President Hoover make his feeble effort to get the American economy going again.
There has rarely been such a succinct statement of development and globalization interaction.
The Stock Market went up slightly as a result of his efforts.
