BERLIN CALENDAR: HEADING FOR A FALL - BERLIN STOCK EXCHANGE CRASH OF 1927
Today in Berlin: May 13, 1927
Famous thinker once said: “Everyone has a plan, until they get punched in the mouth”. You might know Mike Tyson through his other career - as a boxer - but when the man was right, he was right. His boisterous statement can be applied to a great number of situations - including to what happened on this day in 1927 in Berlin.
On May 13, 1927 Berlin Stock Exchange saw the value of its shares and stocks plummet from 204 to 136 points - a drop of 31.9%. The crash which happened on, nomen is omen, Friday the 13th, went down in history as Black Friday…