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2 years ago

What was the result of the margin calls from brokers on October 21, 1929?

History

2 answers:

const2013 [10]2 years ago

5 0

Answer:

A panic ensued and people began to sell their stocks, causing prices to dive.

Explanation:

Fed [463]2 years ago

4 0

Answer:

The right answer is "A panic ensued and people began to sell their stocks, causing prices to dive."

Explanation:

The margin calls made by brokers cause a mini-crash of the market on March 25, 1929. Prices plummeted. There was a temporary solution when some prominent bankers promised they would continue to lend, assuaging investors´concerns.

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