November 28, 1914: New York Stock Exchange Reopens for Trading

 

 

Obscured in our view by the greater conflict of World War II, it is hard for us to realize what an apocalypse World War I appeared to those who had the experience of living through it.  One sign of what an immense cataclysm it was, is demonstrated by the fact that the New York Stock Exchange closed for trading on July 31, 1914.  This was caused by the closure of all European stock exchanges with the advent of the War.  Stocks continued to be traded off the Exchange, and the Exchange was reopened on November 28, 1914 to allow for the trading of bonds.  Regular trading resumed on December 12, and a bull market ensued, proof positive of how durable financial markets tend to be and how quickly they adapt to most changing circumstances.

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Published in: on November 28, 2022 at 5:30 am  Comments Off on November 28, 1914: New York Stock Exchange Reopens for Trading  
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