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The question here is how did those chartered companies become defunct. While there were some spectacular failures like the South Sea Bubble - most companies would have evolved, split, consolidated, and so on as markets and legislation shifted (nationalisation, anti-monopoly, etc)... Meaning, there are probably many companies that are descendant of those ...


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Babson did call for a crash right before the 1929 crash, but he also called for a crash a year earlier. The Federal Reserve was very concerned about stock speculation and called for a restriction in call money lending by banks which was fueling the stock market bubble. However, Smiling Charlie, the President of First National Bank (Citi Bank) said he ...



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