"The Agree That Business is Sound."
This article reports that the country's financial leaders do not believe that the stock market crash will have long-lasting negative effects on business: "All business and industrial leaders and all persons in official positions whose opinion is believed to be worthy of quotation seem to a...
| Format: | Electronic |
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Alabama Department of Archives and History
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| Online Access: | http://cdm17217.contentdm.oclc.org/cdm/ref/collection/voices/id/2816 |
| Summary: | This article reports that the country's financial leaders do not believe that the stock market crash will have long-lasting negative effects on business: "All business and industrial leaders and all persons in official positions whose opinion is believed to be worthy of quotation seem to agree that the recent unprecedented collapse of the stock market has no relation to fundamental business conditions. They assert that business is healthy that finance is healthy, and that only the bettors are sick...It is always unfortunate when good people lose money. But it is comforting to know that sober-minded, experienced business and industrial leaders and great financiers seem agreed that the disaster is personal to those selected individuals who bet unwisely and has no other significance." |
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