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23-02-2021
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how did Charles Mitchell’s $25 million loan to Wall Street lead to the stock market crash

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23-02-2021

The 1929 stock market crash was a result of an unsustainable boom in share prices in the preceding years. The boom in share prices was caused by the irrational exuberance of investors, buying shares on the margin, and over-confidence in the sustainability of economic growth.

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