Pretty sure it’s a yes, not sure.
Look at the chart that I have attached. The low point was between 55 or 60 to 381. When you look at something like Bitcoin, that doesn't look like it was very much, but there are two things that you really have to keep in mind.
1. Most people had only about 10% of the price of the stock covered. What that means is that if a stock cost 100 dollars, most people had only 10 dollars holding it down. The rest was put up by the bank. The market was doing such crazy things that I don't even think the banks checked into your credit. The stock was holding down what you owed. The bank only got its share when you sold. Preposterous!!! It sure was.
2. The second thing is that the numbers I've given you were the Dow Jones Industrial Average. That's the cream of the cream on the NY stock exchange. Who knows what was going on with companies that were not that big. They were what the economic writers would have called "Good Speculations," which translated into "go mortgage your house, sell your furniture, back up the truck (and then sell it too) and buy xzy. You'll never be broke again."
That by the way is why bitcoin and all its relatives is so dangerous.
On December 11, 1941, the United States entered World War II. Mobilization began on December 8, 1941, when the United States declared war on Japan, one day after the Pearl Harbor assaults.
- The Japanese attack on Pearl Harbor prompted the United States of America to enter World War II. However, prior to the attack on Pearl Harbor, the United States took an indirect role in the war by selling munitions with Allied countries such as Britain. President Franklin D. Roosevelt perceived Nazi Germany as a threat to the United States and believed that arming the Allied democracies in Europe was important.
- The United States began the war neutral, but ideologically supported the Allies. Although Congress did not initially approve military force against the Axis, the passage of the Lend-Lease Act was the first step toward entering World War II. While transporting Lend-Lease supplies to the Allies, the USS Greer was assaulted by Germans, prompting President Roosevelt to declare a shoot-on-sight policy.
- The real, direct military engagement began only after the attack on Pearl Harbor. The Japanese provocation prompted Congress to vote virtually overwhelmingly to declare war on Japan. Adolf Hitler, the leader of Nazi Germany, declared war on the United States shortly after the attack on Pearl Harbor. These events resulted in America's direct military involvement in both the European and Pacific theaters, finally leading to the Axis countries' demise.
Learn more about World war II here :
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