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This Day In Market History: Central European Banking Systems Begin To Collapse Benzinga 5/11/2021 © Provided by Benzinga Each day, Benzinga takes a look back at a notable market-related moment that happened on this date. What Happened: On this day in 1931, the bankruptcy of Austria’s largest bank accelerated the financial collapse of Central Europe. Popular Searches Where Was The Market: The S&P 500 was trading around 14.33, while the Dow Jones Industrial Average traded around 141.45. Both were mid-plunge. What Else Was Going On In The World: The Empire State Building had recently opened in New York City, and Al Capone was preparing to plead guilty to tax evasion and prohibition charges.

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