The Economy: The Effects of Change

It was the wildest performance in years on the floor of the New York Stock Exchange. Caught at their favorite luncheon spots when the news of President Kennedy's assassination reached them at 1:40 p.m., many Wall Streeters left their meals and rushed back through the streets to find the market already besieged with sell orders. Ignoring the firm rule that prohibits running on the exchange floor, traders ran about frantically, bowling each other over in their haste. By the time the board of governors announced the closing of the exchange at 2:07 p.m. (exchanges across the nation quickly followed...

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