Bucket Shopping: A Species of Gambling
1870s-1920s “I want to go short 1,000 bushels of December wheat, 1 cent on the bushel.” This $10 bet was typical back in the heyday of bucket shops in the United States, between 1870 and 1920. People wagered on the future prices of stocks, securities and commodities — grains, cotton, oil, etc. — without actually…