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by machinehermit 2181 days ago
You realize in the 1920s many hotels had a bucket shop in the lobby that you could place a bet on stocks?

Pretending this is something new is really laughable when things were 100X crazier literally a 100 years ago.

1 comments

How many Americans were staying in these types of hotels? The new thing is that stock trading is not universally accessible, even to those with very limited means.
These were not special hotels, this was a feature like getting free breakfast today. This is how crazy the 1920s thirst for stock speculation was.

Not just betting on stocks but betting on stocks with huge leverage too. You want to bet on a $100 stock then go down to the hotel lobby and put up $10.