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The Philadelphia Savings Fund Society ( PSFS ), originally called the Philadelphia Saving Fund Society, was a savings bank headquartered in Philadelphia, Pennsylvania, United States. PSFS was founded in December 1816, the first savings bank to organize and do business in the United States. The bank would develop as one of the largest savings ...
The Great Depression (1929–1939) was a severe global economic downturn that affected many countries across the world. It became evident after a sharp decline in stock prices in the United States, leading to a period of economic depression. [1] The economic contagion began around September 1929 and led to the Wall Street stock market crash of ...
Black Monday (also known as Black Tuesday in some parts of the world due to time zone differences) was the global, severe and largely unexpected [1] stock market crash on Monday, October 19, 1987. Worldwide losses were estimated at US$1.71 trillion. [2] The severity of the crash sparked fears of extended economic instability [3] or even a ...
Amazon.com, Inc., doing business as Amazon (/ ˈ æ m ə z ɒ n /, AM-ə-zon; UK also / ˈ æ m ə z ə n /, AM-ə-zən), is an American multinational technology company, engaged in e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence.
History. Founded by Frank Russell in 1936 in Tacoma, Washington, [10] [11] Russell Investments began as a stockbroker and consultant, and later created the Russell 2000 Index, one of the most followed stock market indices in the U.S. [12] His grandson, George Russell, has been credited with expanding the company and pioneering the business of ...
There are six major types of mutual funds: stock funds, bond funds, money market funds, index funds, sector funds and balanced funds. Read on to learn about each type. 1. Equity Funds. Equity ...
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