Concoda
Published in

Concoda

Why Closing the Stock Market Won't Save It From a Collapse

The latest bear market has sparked an unusual debate

Photo by Paul Fiedler on Unsplash

In September 1873, the biggest U.S bank at the time, Jay Cooke & Company, collapsed in speculator fashion. Its failure led to the Panic of 1873 and the eventual Long Depression which spread to both Europe and North America. In response, the American government shut down the New…

--

--

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store