Stocks And the Stock Market
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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.
What to read after Stocks And the Stock Market?
You can find similar books in the "Read Also" column, or choose other free books by American Academy of Political And Social Science to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
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.
What to read after Stocks And the Stock Market?
You can find similar books in the "Read Also" column, or choose other free books by American Academy of Political And Social Science to read onlineMoreLess
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