ROARING TWENTIES REDUX

The GameStop Phenomenon Is Hardly New. Here’s How a Similar Squeeze Played Out in 1923.

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By 

Kenneth G. Pringle

Updated February 7, 2021 / Original February 3, 2021

Piggly Wiggly’s innovative “self-service” grocery store in Tennessee, circa 1918.

Library of Congress

Long before GameStop, there was Piggly Wiggly.

In 1923, the supermarket company—which still does business in the South and Midwest—was at the center of a short squeeze/market morality play that echoes the recent frenzy around GameStop.

As with GameStop and other “meme” companies like AMC Entertainment, Piggly Wiggly was being sold short...

The GameStop Phenomenon Is Hardly New. Here’s How a Similar Squeeze Played Out in 1923. | Barron's

Piggly Wiggly - Wikipedia

https://en.wikipedia.org › wiki › Piggly_Wiggly

Piggly Wiggly is an American supermarket chain operating in the Southern and Midwestern regions of the United States, run by Piggly Wiggly, LLC, an affiliate of C&S Wholesale Grocers. Its first outlet opened in 1916 in Memphis, Tennessee, and is notable for having been the first true self-service grocery store, and the originator of various familiar supermarket features such as checkout stands, individual item price marking and shopping carts. The current company headquarters is in Keene, New Hampshire. 

Carlsberg predicts surge in demand similar to Jazz Age

boom

Richard Milne, Nordic and Baltic Correspondent

Sat, February 6, 2021, 

Carlsberg is expecting a surge in demand this summer similar to a boom seen a century ago as more people are vaccinated and lockdowns lift, according to the Danish brewer’s chief executive. In the 1920s, after Spanish Flu and [the] first world war, there was a dramatic surge and you saw things like jazz clubs and ballroom dancing. Its global sales to pubs, restaurants and hotels fell by 20 per cent owing to lockdowns and although revenues from shops increased, it was not enough to compensate.

Carlsberg predicts surge in demand similar to Jazz Age boom (yahoo.com)

Jazz Age - Booming 1920s

https://booming1920sg2.weebly.com › jazz-age.html

The Jazz Age is another title for the 1920's. When women became more independent. They were becoming more sexually appealing. They were arrested for wearing "skimpy" beach wear. During this time Jazz was becoming more popular. People would dance in the streets all night till everyone dropped to floor. Women would go to all night parties.