Amritsar massacre, took place on 13 April 1919 when troops of the British Indian Army under the command of Acting Brigadier-General Reginald Dyer fired rifles into a crowd of unarmed Indian civilians
In the 1920s, the danger of buying stock on credit was that if the stock dropped, borrowers have to make up the difference.
When the stock dropped, basically the borrowers losing an amount of value of his assets. But since he bought the stock before the price was dropped, he had to make up the difference
