The Stock Market Crash of 1929 – Part 2: Age of Illusion
Conflicted: A History Podcast
Stock Splits - Why the Hell Not?
In 19 29, a single share of edison electric was worth about 400 bucks. A stock split usually happens when a company's stock prices rises so high that it becomes too expensive for the average investors. The board dropped jaws even further when it valued edison's electric stock at only 215 dollars a share - just over half what the company was saying it was worth. Economist john kenneth galbraith also writes that the coming crash was just a matter of time. On a long enough time line, something would eventually break the spell of the bull market.
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