Related Posts Plugin for WordPress, Blogger...



Amazon Fun

« The bigger the box, the bigger the reward | Main | Shaking Hands Like a Dude »

Is the stock market gambling? (1912)

In 1912 almost all forms of gambling were illegal in the United States. A handful of states allowed betting on horse races, but that was pretty much it.

It wasn't until the Great Depression in the 1930s that gambling laws loosened, as gaming was seen by some as a way to stimulate the U.S. economy.

This illustration by Will Crawford appeared in the August 28, 1912 issue of Puck magazine and asked what was the difference between betting at the roulette table and betting in the stock market?

Watching the tape or watching the wheel -- what is the difference morally?

If it is legal to gamble in Wall Street, why isn't it legal to gamble in the West Forties?

Source: Library of Congress

References (28)

References allow you to track sources for this article, as well as articles that were written in response to this article.

Reader Comments (3)

Just like they said, it's good to gamble somehow, you just have to depend on the situation.
John | 12BET Sports Betting and Online Casino

October 24, 2013 | Unregistered CommenterJohn W

Hey guys this is awesome posts Fathers Day Decoration Ideas and Fathers Day SMS and plz more and more shares to social networking sites.

June 4, 2016 | Unregistered Commenteranonymous


November 29, 2016 | Unregistered Commenterothi

PostPost a New Comment

Enter your information below to add a new comment.

My response is on my own website »
Author Email (optional):
Author URL (optional):
Some HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>