More News from New Street: Uncovering Stock Prices During the 1914 Wall Street Shutdown

Ryan Bender and Anna Schneider ()
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Ryan Bender: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise
Anna Schneider: The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

No 18, Studies in Applied Economics from The Johns Hopkins Institute for Applied Economics, Global Health, and the Study of Business Enterprise

Abstract: This study brings to light and analyzes extensive stock data from the unofficial New Street stock market during the nineteen-week closure of the New York Stock Exchange from July 30 to December 11, 1914 following the outbreak of World War I. The data presented in this study build on stock data previously published by William Silber for a seven-week trading period during the closure. Through the data presented herein, we aim to illuminate the 1914 financial 2 record, and show the relationship between price-recovery and strengthening investor confidence in an unofficial stock exchange after the initial scare of world war disrupted U.S. markets.

Keywords: New York Stock Exchange; New Street; World War I (search for similar items in EconPapers)
JEL-codes: G10 N22 (search for similar items in EconPapers)
Pages: 36 pages
Date: 2014-09
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Persistent link: https://EconPapers.repec.org/RePEc:ris:jhisae:0018

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