Kunyange zvazvo runyararo akanga zvikuru kudzorerwa muNew York neMugovera, November 2, asi mumwe dambudziko rakatarisana. Mumwe Exchange guru brokerage makambani, Moore & Schley, akanga zvikuru chikwereti uye pangozi kuwa. The akasimba akanga akakwereta zvikuru, vachishandisa mugove Tennessee Coal, Iron uye Railroad Company (TC & I) sezvo collateral. With kukosha thinly vaitengeserana mugove pasi kumanikidzwa, mabhanga akawanda angadai kudana zvikwereti Moore & Schley neMuvhuro uye kumanikidza en masse liquidation pamusoro zvakasimba kuti mugove. Kana izvozvo zvakaitika zvaizoita kutumira TC & I mugove plummeting, kuparadza Moore uye Schley uye kukonzera kuvhunduka pamusika.
Tennessee Coal, Iron and Railroad Company (TC&I)