Speculative capital

In such a system, the reward for a day´s work will have to be greater, on the average, than it has been, and the reward to capital, especially capital which is speculative, will have to be less.
Quelle: F. D. Roosevelt: Adress at Oglethorpe university, Atlanta,
May 22, 1932
Kann mir bitte jemand sagen, was spekulatives Kapital ist ?
Danke im Voraus!

Hi,
ehrlich gesagt, keine Ahnung. Aber, hope this helps:

English:
http://www.investopedia.com/terms/s/speculativecapit…

German:
http://www.wirtschaftslexikon24.net/d/kapital-spekul…

gruss, isabel