This time over 16.4 million shares were email list sold, setting a new record. Stock Market Freefall Without any ideas on how to end the massive panic that gripped society, the decision to close the market for a few days was made. On Friday, November 1, 1929, the market closed. The market email list reopened again the following Monday, but only for limited hours, and then the price of stocks dropped again.
This continued until November 23, 1929, email list when prices appeared to stabilize. But the bear market was far from over email list. During the next two years, stock prices steadily declined. Finally, on July 8th, 1932, the market had reached its lowest point when the Dow closed email list at 41.22. In 1933 Congress Introduces the Glass-Steagall Act In the midst of a nationwide commercial bank failure and the Great Depression,
Congress members Senator Carter Glass email list (D-VA) and Representative Henry Steagall (D-AL) inked their signatures to what is today known as the Glass-Steagall Act (GSA). The GSA had two main provisions; creating the FDIC and prohibiting commercial banks from engaging email list in the investment business. The Glass-Steagall Act was eventually repealed during the Clinton Administration via the Gramm-Leach-Bliley Act of 1999. Many financial email list professionals would have you believe the Glass-Steagall's repeal contributed heavily to the financial crisis of 2008.