The book Stocks And the Stock Market was written by author American Academy of Political And Social Science Here you can read free online of Stocks And the Stock Market book, rate and share your impressions in comments. If you don't know what to write, just answer the question: Why is Stocks And the Stock Market a good or bad book?
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The main divisions are also commonly distinguished as finan- cial and over-production crises. The subdivisions mark the pre- dominant features of each crisis. When there is a financial crisis with strong evidence of an extensive circulation of bank notes, the crisis will be best classed as an over-paper issue financial crisis. When over-speculation, or over-production, are the predominant features of a panic, the crisis will be classed in a suitable subdivision of the second division. Each of t...he subdivided crises exhibits characteristics shared by all crises and some that are peculiar to its own class. During the interval between one commercial crisis and the next one the following cycle of business phases may be noticed : Depression, improvement, rapid improvement, general prosperity, excitement, over-trading, excessive speculation and company pro- motion, fear and apprehension, pressure to sell at lower rates, dull- ness, panic, and general business depression. These phases cor- respond with similar psychological features in public sentiment.
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