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Narrator: The success of large speculators like Livermore and Durant lured smaller investors to Wall Street, but Charles Mitchell, president of National City Bank, virtually invented the idea of mass-marketing stocks and bonds to the general public. This was a totally new idea and a huge success.
The navigator who wanted to reach Asia by sailing west from Europe was "Christopher Columbus," since it was unknown at this time that the land that would soon be known as the New World lay in the way.
It’s coming at a time when production is booming, especially in India, the world’s number two sugar producer. Farmers in Thailand are also collecting massive crops. World stockpiles are set to swell to the highest ever this season and stay near the record next year, according to the US department of agriculture. Sugar futures in New York have already slumped 25% in 2018. That’s the biggest loss on the Bloomberg Commodity Index, which tracks returns for 22 components.
"Unless there’s a weather issue, it doesn’t look that the bulls have any hope for a sustained rally," said Donald Selkin, a New York-based chief market strategist at Newbridge Securities, which oversees about $2bn. "Everybody is trying to do away with sugar and sugary products. You see that in supermarkets and grocery stores. Demand is going to remain less than it’s been in recent years. The price is doomed to stay low for a while."
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<span>This was the Era of Good Feelings, in which the Federalist party collapsed and the Democratic-Republicans were the dominant force in national politics. There was a desire for unity among the population in the aftermath of the War of 1812, but there were also times in which infighting took place between factions in the Monroe Administration, so not all parts of the political landscape were positive.</span>
It's either the 2nd or 3rd choice. ( Try the 2nd)
