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1078622 No.1078622 [Reply] [Original]

in "the great crash 1929" galbraith refers to "radio" which falls or rises quite heavily

what is radio? a stock, an index? short form for something?

or was is possible back then to "invest in radio"?

>> No.1078623

Having not read it, I assume he's referring to stock in radio broadcasting companies such as NBC.

>> No.1078628

The economy had been growing robustly for most of the so-called Roaring Twenties. It was a technological golden age as innovations such as radio, automobiles, aviation, telephone and the power grid were deployed and adopted. Companies who had pioneered these advances, like Radio Corporation of America (RCA) and General Motors, saw their stocks soar.

http://en.wikipedia.org/wiki/Stock_market_crash#Wall_Street_Crash_of_1929

>> No.1078634

>>1078628
>rca

Ah. Thanks very much.