Buying on the Margin
• Borrowing money to buy stock in the hope that it will go up and you can repay the loan and collet the difference
• October 20, 1929 Stock Market Crashes also known as Black Tuesday
• Dow Jones Industrial average collapsed (indicated to show how stocks are doing)
• Businesses go bankrupt
• Banks close
• Great Depression begins
• October 20, 1929 Stock Market Crashes also known as Black Tuesday
• Dow Jones Industrial average collapsed (indicated to show how stocks are doing)
• Businesses go bankrupt
• Banks close
• Great Depression begins
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SUMMARY
On October 20, 1929, the Stock Market Crashed. Banks and businesses go bankrupt, Dow Jones Industrial closed. This catastrophic and unforgettable event is known as Black Tuesday and was the beginning of the Great Depression.