Gains for Democracy in Latin America
Democratic Gains in Argentina and Colombia
Growth of mutual investment funds during the past decade has been spurred by a trend toward mass participation in the stock market without parallel since the boom of the late 1920s, The forces underlying the new movement, however, differ from those at work 30 years ago. Many individuals of small or moderate means took flyers in the market then in expectation of quick profits. Today's average-man purchaser of stocks is more of an investor than a speculator. He regularly puts a part of his savings into common stocks for the purpose of accumulating and safeguarding personal funds over a long-period.
The main factor responsible for entry of new investors into the stock market of late ...