jr656228 jr656228
  • 22-02-2021
  • History
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What was "Buying on Margin" and how did it help lead to the Stock Market Crash of 1929?

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10547414
10547414 10547414
  • 22-02-2021

Answer:

Buying on margin helped bring about the Great Depression because it helped to cause Black Tuesday when the stock market crashed. ... They could not repay their loans because the stock prices had not risen. When they could not repay their loans, they went broke. Because so many people could not repay loans, banks failed.

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