Das Kapital: Der Produktionsprozeß des Kapitals

The stock market crash - and after

Bibliographic data

Multivolume work

Identifikator:: 1780159447

Document type:: Multivolume work

Author:: Marx, Karl http://d-nb.info/gnd/118578537

Title:: Das Kapital

Place of publication:: Berlin

Publisher:: J. H. W. Dietz Nachf., G. m. b. H.

Year of publication:: 1926-

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Volume

Identifikator:: 1780159595

URN:: urn:nbn:de:zbw-retromon-188277

Document type:: Volume

Author:: Marx, Karl http://d-nb.info/gnd/118578537

Title:: Der Produktionsprozeß des Kapitals

Volume count:: 1.1928

Place of publication:: Berlin

Publisher:: J. H. W. Dietz Nachf., G. m. b. H.

Year of publication:: 1928

Scope:: XLVIII, 768 Seiten

Digitisation:: 2022

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Vierter Abschnitt. Die Produktion des relativen Mehrwertes

Collection:: Economics Books

18 The Stock Market Crash—And Afier Members of the banking group had organized, October 24th, to help stabilize conditions in the market; these ceased their conferences after Novem- ber 13th, the spokesman for the group reporting that the situation had been so far restored as to require no further comment. During all this period money rates in the stock market sank to levels below those preceding the break, with every prospect that the lower rediscount rate made by the Federal Reserve Bank of New York would be followed by reductions in European centers. Hardly a month after the panic market “touched bottom,” the market closed on December 1 1th, at a level for industrial stocks and utilities 21 per cent higher than on November 13th. But this was fol- lowed by a secondarv reaction, from which there were distinct signs of recovery during the week ended December 27th. Except in the case of the coppers, this secondary reaction failed to carry any group as low as the bottom of the crash. The following table, derived from my stock price indexes, shows in the first column of figures the per- centage at which the low point on the secondary re- action, during the week ended December 27th, stood above the low point of the crash on November 13th. The second column of figures is the percentage of gain made later in the week of December 27th from the bottom of the secondary reaction:

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