Historians R Us

This blog is the property of the AP US History class at Pope John XXIII High School in Everett, MA, USA. Here students explore current events in America, while seeking to understand the historical roots of those events. At the same time, students are able to carry on classroom discussions in the cyber world.

Tuesday, March 21, 2006

From the New York Times (times three!)...

An(other) article from The New York Times explains that Frank P. Quattrone, the investment banker who contributed to the technologic boom of the 1990s, has received a new trial due to the overturning of the obstruction-of-justice conviction. It was stated that it was impossible to fully convict Quattrone of his actions. This ruling, which is an extremely rare case of reversal of a jury verdict, is considered a major setback for the Justice Department's attempts to portray Quattrone as a symbol of a major Wall Street pirateer during the 1990s.

During the 1920s, an economic boom occurred on Wall Street, where excessive trading coincided with multiple investments. At this time, an economy boom occurred, not a technological boom. Rather than being prosperous scientifically, the Roaring Twenties provided a financial prosperity that was crushed in October of 1929 with the stock market crash.

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