Government Intervention And Stock Returns
-
Upload
richard-reyes -
Category
Economy & Finance
-
view
938 -
download
2
description
Transcript of Government Intervention And Stock Returns
Government Intervention and Stock ReturnsGovernment Intervention and Stock ReturnsRichard Reyes, CFP
The Financial Quarterback/Investor Coach
100 East Sybelia Ave, Suite 110
Maitland, FL 32751
PH: 407-622-6669 FAX 407-599-9243
Web: www.TheFinancialQB.com
Email: [email protected]
Wealth & Business Planning Group, LLC is a Registered Investment Advisor which offers Fee Planning and Asset Management.
Newsweek February 16, 2009
“Whether we want to admit it or not …the America of 2009 is
moving toward a modern European state.”
“More government intrusion in the economy will lamost surely
limit growth.”
Time July 14, 1975
“As capitalism approaches its bicentennial, it is beset
by crises.”
“Inflationary recession is more likely than anything
else to make voters turn to an authoritarian fascist or
socialist system.”
December 28, 1917
President Woodrow Wilson issues presidential order assuming control of railroad industry.
US Railroad Administration divided into seven regions.
March 1920
Industry returned to private ownership
May 18, 1933
Roosevelt signs Tennessee Valley Authority Act.
January 1938
Supreme Court rules TVA has right to build power plants in competition with private industry.
1941
TVA becomes nations largest power producer.
April 1944
Roosevelt orders seizure of Chicago mail-order firm Montgomery Ward & Co. amidst labor dispute.
CEO Sewell Avery refuses to cede control and is forcibly removed from his office by US Military police.
June 21, 1970
Penn Central bankruptcy is largest in US history.
Passenger rail service continues under Amtrak; freight service under Conrail
1998
Conrail returns to private ownership
May 1984
Continental Illinois Bank fails.
Largest bank failure in US history at that time.
80% owned by US government until acquired by BankAmerica in 1994.