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Vocal Characteristics
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EnglishVoice Age
Middle Aged (35-54)Accents
North American (General) North American (US General American - GenAM)Transcript
Note: Transcripts are generated using speech recognition software and may contain errors.
This was the first time that many ordinary Americans had begun to invest in stocks. A stock a share of a company is bought and sold here on the floor of the New York Stock Exchange. The stock's themselves have no fixed value, as in an auction. If the stock is in demand, its price goes up. No demand and the price goes down. For almost eight straight years, stock values had been rising. By 1929 there seemed to be no upper limits In this world of paper numbers and dreams. Here was a whole new way to make a fortune. Unlike the Carnegies and the Rockefellers of previous decades, who built steel mills and dog oil wells, men like Michael Mahan, Jesse Livermore and Charles Mitchell had amassed their fortunes, buying and selling stocks pieces of paper. The public was fascinated. Bankers, brokers and speculators had become celebrities as they live like royalty. Few Americans lived like Jesse Livermore, but there was a rising expectation that everyone could have a piece of this prosperity. The economy was changing in this new America. It was the dawn of the consumer revolution. New inventions, mass marketing factories turning out amazing products like radios, ray on air conditioners, underarm deodorant. One of the most wondrous inventions of the age was consumer credit. Before 1920 the average worker couldn't borrow money by 1929. Buy now, pay later had become a way of life.