Informative Speech - Wall Street

Informative Speech - Wall Street - Informative Speech...

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Steven Rizzo September 9th, 2007 Section 9 Professor Russo Title: The Ups and Downs of Wall Street General Subject: Wall Street Specific Subject: Wall Street’s two single worst days of the 20 th century and their effects on the American economy, and how new rules have been put in place to prevent more crashes. Purpose: To inform the audience about the big market crashes of the 20 th century and how Wall Street was able to rebound from them. Main Ideas: I. The Stock Market Crash of late October 1929 ushered in the Great Depression and it took more than a decade to fully recover from its effects. II. October 19 th , 1987, known as “Black Monday”, saw the second largest one-day percentage drop in the history of the New York Stock Exchange, and took two years before the market fully rebounded. III. Rules and Regulations have now been changed or put into place that will hopefully prevent days as disastrous as the two stated. Central Idea: In both 1929 and 1987, Wall Street experienced terrible crashes in a short period of time. As more has been learned about these disastrous days, rules and regulations have been put in place to make sure a Great Depression can never be repeated. Introduction: On average a whopping 3.6 billion shares are traded each day on the New York Stock Exchange. It’s easy to see why Wall Street, home to the NYSE, NASDAQ and AMEX, is known as the financial capital of the world. As noted by Werner and Smith in the book Wall Street , the New York Stock Exchange has come a long way since its inception in 1792, famously founded under a buttonwood tree by a group of merchants and brokers. A million different factors cause the stock market to rise or fall on any given day, from interest rates, to company earnings, mergers and acquisitions to new products. But sometimes, seemingly out of nowhere, market crashes have occurred. Most famously in 1929, but also in 1987, a single day was able to cause financial catastrophe. Unrest around the world or a tragedy like 9/11 can have far reaching effects. 1
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This note was uploaded on 04/11/2008 for the course MATH 126 taught by Professor Brutche during the Spring '08 term at Bowling Green.

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Informative Speech - Wall Street - Informative Speech...

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