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Facebook YouTube Twitter Pinterest How Stuff Works Money Money Facebook YouTube Twitter Pinterest Legend has it that Joseph Kennedy sold all the stock he owned the day before "Black Thursday," the start of the catastrophic stock market crash. Many investors suffered enormous losses in the crash, which became one of the hallmarks of the Great Depression. What made Kennedy sell? According to the story, he got a stock tip from a shoeshine boy. In the s, the stock market was the realm of the rich and powerful. Kennedy thought that if a shoeshine line could own stock, something must have gone terribly wrong. Now, plenty of "common" people own stock. Online trading has given anyone who has a computer, enough money to open an account and a reasonably good financial history the ability to invest in the market. A share of stock is trade a tiny piece of a corporation. Shareholders -- people who buy stock -- are investing in line future of a company for as long as they own their shares. The first time a company offers its stock for public sale is called an initial public offering IPOtrade known as "going public. A business can trade save its profit or re-invest it by making improvements to the business or hiring new people. Stocks that issue frequent dividends are income stocks. Stocks in companies that re-invest their profits are growth stocks. Brokers buy and sell stocks through an exchange, charging a commission to do so. A broker is simply a person who is licensed to trade stocks through the exchange. Line broker can be on the trading floor or can make trades by phone or electronically. An exchange is like a warehouse in which people buy and sell stocks. A person or computer must match each buy order to a sell order, and vice versa. Some exchanges work like auctions on an actual trading floor, and others match buyers to sellers electronically. Some examples of major stock exchanges are: Worldwide Stock Exchanges has a list of major exchanges. Over-the-counter OTC stocks are not listed on a major exchange, and you can look up information on them at the OTC Bulletin Board or PinkSheets. You still use real money, but instead of talking to someone about investments, you decide which stocks to buy and sell, and you request your trades yourself. Some online brokerages offer advice from live brokers and broker-assisted trades as part of their service. This Is How You Recount 3 Million Votes Do People Still Die in Quicksand? How the Rolling Jubilee Works How to Avoid Travel Fees How to Apply for a Car Loan How to Get a Credit Card After Bankruptcy More to Explore About Shows Privacy Ad Choices Terms Store Advertising Careers Contact Us Help HOWSTUFFWORKS ON THE GO Take us with you on your iPad, iPhone or favorite Android device NEWSLETTERS Get the best of HowStuffWorks by email.
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Pioneers In this section of the Prezi, I will be explaining about the pioneers of animation.
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Penny Millard, a friend, said the community had united to campaign for Hallam.