Page 5 - IP2A 012 Black Monday

their disposal, the bankers began

buying stocks in order to drive

prices back up. The strategy

appeared to have worked by

the end of the day; the market

Executives from the largest was rising and seemed stable.

U.S. banks met with the Vice Over the weekend, however,

President of the New York Stock newspapers began to dramatize

Exchange later in the day to the situation, paying special

devise a plan. attention to the bankers’ buying

On Friday, October 25, with strategy, which had saved the

enormous amounts of cash at day.