1920: Kroger
• Recession (economic slowdown) as WW1
end affects company prices
• Price Down: 80
1920: Radio Corp
• Sales slow, little demand. People unsure if
Radios are “just a Fad”
• Price Down: 80
1920: Mammoth Oil
• 9 new wells start pumping oil in a
Wyoming field.
• Price Up: 120
1920: City Corp
• Bank declares the usual 10% profit for the
year.
• Price up slightly: 110
1920:Durant motors
• Company is slow starting, it fails on loan to
City Corp Bank
• Price down: 70
1920: Midland Power
• Midland extends its power lines west, to
Michigan and Wisconsin. New area means
new profit
• Price Up: 120
1920: K&P Railroad
• Federal government deregulates the
railroad, gives K&P free tracts of land in
the Midwest.
• Price Up: 120
1920: Tel-Tone
• Dial phones installed in parts of New York
City. They expect Millions of new phone
users.
• Price UP: 150
1921: Kroger
• Federal government passes a tariff
(increases taxes) on imported food from
Europe. Kroger benefits.
• Price up: 100
1921: Radio Corp
• First radio station KDKA begins
broadcasting in November. Sales of new
models improve.
• Price Up: 110
1921: Mammoth Oil
• Oil Lease in Teapot Dome, Wyoming leads
to HUGE profits.
• Price UP!: 140
1921: City Corp
• Business as usual. Up 10% again
• Price up: 120
1921:Durant motors
• Sales depressed as competitor, Ford,
produces “Model T” very cheaply.
• Price down: 60
1921: Midland Power
• Competitor, Commonwealth Edison begins
to rise.
• Price down: 110
1921: K&P Railroad
• Company expands into southwest mining
area. Profits rise.
• Price up: 130
1921: Tel-Tone
• New Dial technology leads to more
success.
• Price up: 160
1922: Kroger
• Merger with eastern food chain leads to
more stores and higher sales!
• Price WAY UP: 150
1922: Radio Corp
• 15 new patents purchased. Sales improve.
• Price up: 130
1922: Mammoth Oil
• Company continues rise, hottest stock on
the market!
• Price up: 160
1922: City Corp
• US Foreign Debt commission begins talk
of repayment of French and English loans
to American Banks.
• Price up: 130
1922:Durant motors
• Durant car sales are depressed as Ford
mass produces cars using an assembly
line. Durant is behind the times
• Price down: 50
1922: Midland Power
• Fianacial genius Samuel Insull’s shady
business deal allows Midland to take over
Edison Power.
• Price up: 125
1922: K&P Railroad
• Price rises as agricultural (Farm products)
shipments from Southwest begins
• Price up: 140
1922: Tel-Tone
• Due to more widespread use of the
telephone, this company shows the
greatest increase of any on the market
• Price up: 170
***news flash***
• Business friendly president Warren
Harding dies, replaced by Calvin Coolidge.
• Stocks suffer as unknown new president
“Silent Cal” takes over.
1924: Kroger
• Corn suffers a crop “Blight”. Agricultural
prices lower, causes stock to suffer.
• Price down: 140
1924: Radio Corp
• Price: new models well received by the
public. Sales BOOM!
• Price up : 142
1924: Mammoth Oil
• Teapot dome SCANDAL breaks!
Congressional investigation of oil leases
finds bribery and fraud! Secretary of
interior Albert Fall arrested for fraud.
• Price down 40
1924: City Corp
• Company announces another good year.
Business as usual.
• Price: 140
1924:Durant motors
• Powerful Du Pont family begins to buy
large portions of Durant stock.
• Price Up slightly: 60
1924: Midland Power
• Insull announces dividends (profits from
stock) will not be paid for one year as a
result of Edison merger.
• Price down: 100
1924: K&P Railroad
• Reason: Competition from the new
trucking industry. Profits down.
• Price down: 130
1924: Tel-Tone
• Company announces completion of a
merger with several East Coast
companies.
• Price up: 180
1926: Kroger
• Company begins buying fresh fruit from
California. Profits up…
• Price up: 155
1926: Radio Corp
• Government statistics show over 200 new
radio stations open in 2 year period
beginning in 1924
• Price up  160
1926: Mammoth Oil
• Company still hasn’t recovered from
Teapot Dome scandal
• Price down: 30
1926: City Corp
• French government begins to pay back
WW1 loans. Stock Jumps
• Price up: 160
1926:Durant motors
• Fisher body company joins Durant in a
merger.
• Price up: 70
1926: Midland Power
• Cryus Eaton of Cleveland Power co.
maybe trying to take over Midland power.
Proxy fight may begin.
• Price: 130
1926: K&P Railroad
• Profits from Southwest expansion not
panning out.
• Price down: 120
1926: Tel-Tone
• Bell Telephone makes an offer to buy the
outstanding stock from the company, price
jumps
• Price up: 200
1927: Kroger
• Company begins opening markets in most
major east coast cities.
• Price up: 175
1927: Radio Corp
• Over 700 stations now exist. Sales
excellent.
• Price up: 160
1927: Mammoth Oil
• The owner of Mammoth renames the
company “Sinclair Oil” and issues new
stock.
• Price up: 45
1927: City Corp
• Profits up, business good…
• Price up: 170
1927:Durant motors
• Louis Chevrolet is hired to design an
inexpensive car to compete with Ford’s
model T…
• Price: 80
1927: Midland Power
• Cyrus Eaton begins dumping large blocks
of midland stock on a depressed market
• Price: 90
1927: K&P Railroad
• Flood Damage causes railroad to lose
money
• Price down: 110
1927: Tel-Tone
• The company is taken over by Bell System
• Price: 220
1928: Best year in market history!
1928: Kroger
• Sales improve as agricultural surpluses
keeps farm prices low
• Price up: 180
1928: Radio Corp
• Reason: RCA becomes one of the hottest
on the market
• Price up 240
1928: Mammoth Oil (Now Sinclair
oil)
• Company begins to recover from scandal
• Price up: 70
1928: City Corp
• Steady stock, price up again
• Price: 200
1928:Durant motors
• Durant motors and Fisher body co.
announce a merger of over 300 auto parts
companies, to form a new company
named General Motors
• Price: 150
1928: Midland Power
• The Chicago Tribune discloses Insull’s
company is a house of cards and ready to
crumble.
• Price: 70
1928: K&P Railroad
• New oil field opened along the right of way
in Kansas and Oklahoma
• Price: 150
1928: Tel-Tone
• Stocks continue to rise….
• Price: 250
1929: Stock Market Crash!
Stock Market Crash!
Outcome for 1929:
• Thursday, October 24 1929: (Black
Thursday)
• 12 million shares of stock are traded in 1
day.
• 700$ million is lost by stock holders as the
market takes the greatest dive in history!
1929: Kroger
• Price: 100
1929: Radio Corp
• Price: 50
1929: Mammoth Oil
• Price: 30
1929: City Corp
• Price: 150
1929:Durant motors (GM)
• Price: 50
1929: Midland Power
• Price: 10
1929: K&P Railroad
• Price: 20
1929: Tel-Tone
• Price: 100
Stock Questions:
• 1. What causes prices to rise and fall?
• 2. What would you have done differently if
we did the game over?
• 3. What do smart investors do to make
more money?