Western Civ

The 1920s were an exciting time. They were known to many as the Roaring Twenties. Social conventions faded away.

• Women went out with out chaperones, smoking and drinking in public.
• Public drinking took place during Prohibition in private "speakeasies."
• Liquor trade, much of it coming from Canada and going to the U.S. drove the crime rate up.

• What is money?
• What is stock?
• What is "trading on margin?"

How does this compare to today?

1. Asset Backed Commercial Paper
2. Sub Prime Mortgages
   • Interest only mortgages
   • Adjustable Rate Mortgages
   • 50 year mortgages
   • Negative equity

Additional Sources

1. October 1929 – Stock Market Crash: Markets Suffer the Worst Losses in Canadian History