L’argent

Brigitte Helm in L'argent

A movie for every day of the year – a good one 28 October Black Monday, 1929 On this day in 1929, the Dow Jones index fell by 13% in a day. After nine years of an exuberantly rising market, during which time the index had risen tenfold, some economists had started predicting an end to boom and bust – “stock prices have risen to what looks like a permanently high plateau” said Yale’s Irving Fisher at the time. Theoretical neoclassical economists notwithstanding, the New York market tumbled on 18 September 1929. Two days later in London the flamboyant entrepreneur Clarence Hatry confessed to fraud and forgery, having propped up his underfinanced companies … Read more