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Beurskrach / 1929 Crash

1929 Crash

On October 29, 1929, Black Tuesday hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Billions of dollars were lost, wiping out thousands of investors. In the aftermath of Black Tuesday, America and the rest of the industrialized world spiraled downward into the Great Depression (1929-39), the deepest and longest-lasting economic downturn in the history of the Western industrialized world up to that time.

Tijdens de interbellum is in 1929 de familie de Paula Lopes grotendeels haar kapitaal kwijtgeraakt aan de beurskrach. Carlos de Paula Lopes had al aan het eind van de negentiende eeuw een aandelen portfolio opgebouwd. Hij bezat niet alleen aandelen, maar was voor verschillende bedrijven fiscaal adviseur, waaronder de Bank de Pernambuco.

During the interbellum, the family lost most of it’s fortune due to the 1929 Crash.

The de Paula Lopes family was the sole representative for Gold Medal Flour in the North of Brazil. They had a sugar refinery and had aquired a granite mine. They lost most of their fortune due to the 1929 Crash. The Stock Market Crash, contrary to popular belief, the crash did not occur all in one day. It was happened in three different days all within a weeks time.

You may recall that during the Depression, Gold Medal flour sacks, of cotton, were used for various household purposes, including dish towels and excellent if inexpensive panties for young ladies. the Gold Medal logo: EVENTUALLY, WHY NOT NOW?

After October 29, 1929, stock prices had nowhere to go but up, so there was considerable recovery during succeeding weeks. Overall, however, prices continued to drop as the United States slumped into the Great Depression, and by 1932 stocks were worth only about 20 percent of their value in the summer of 1929. The stock market crash of 1929 was not the sole cause of the Great Depression, but it did act to accelerate the global economic collapse of which it was also a symptom.

l'Histoire se répète

De geschiedenis herhaalt zich?
De probandus Marnix Alexander de Paula Lopes heeft in 2008 een zware klap gekregen ivm de creditcrisis. De beurzen zijn wereldwijd ingestort en hebben ervoor zorg gedragen dat vele beleggingen zijn gehalveeerd of verdwenen. Zowel op hypothecair gebied als op het gebied van ouderdomsvoorziening is er veel verloren gegaan.

History repeats itself?
The probandus Marnix Alexander the Paula Lopes, has been dealt a heavy blow due to the financial crisis. Stock markets worldwide have collapsed. A lot of investments have been cut in half or have disappeared. His mortgage investment was a disaster and his investments for an old age pension has lost a considarable amount of it's valeu.