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Black_prince [1.1K]
3 years ago
12

WILL MARK BRAINLIEST!!

History
2 answers:
max2010maxim [7]3 years ago
7 0

Answer:

In the 1920s more people invested in the stock market than ever before. Stock prices rose so fast that at the end of the decade, some people became rich overnight by buying and selling stocks. People could buy stocks on margin which was like installment buying. People could buy stocks for only a 10% down payment! The buyer would hold the stock until the price rose and then sell it for a profit. As long as the stock prices kept going up, the system worked. However, during 1928 and 1929, the prices of many stocks went up faster than the value of the companies the stocks represented. Some experts warned that the bull market would end.

Buying on credit was a huge problem in the 1920s. Since the 20s was a period of great economic boom, not many people took the future into consideration. Many people bought refrigerators, cars, etc. with money that they did not have. This system was called installment buying. With this system, people could make a monthly, weekly, or yearly payment on an item that they wanted or needed. This happened until Black Tuesday, when the stock market crashed. The two systems, installment buying and buying on credit, left millions of people in debt . When many lost their jobs, they could not pay back the debts they had incurred.

frosja888 [35]3 years ago
3 0
Buying stock on margin is when you buy it without paying the full price. A individual who buys on margin pays a small percentage of the stock's price and borrows the rest of the money. The individual hopes that the stock price will rise, helping them to pay off the loan.

People were able to pay inflated rates for stocks because they were buying on the margin and were overconfident about the stocks' prospects. The bubble finally burst, and stock prices plummeted. As stock prices plummeted, anyone who had borrowed to buy on margin was in deep trouble. They went bankrupt after they were unable to repay their loans. Banks struggled as a result of the failure of too many people to repay their loans. Much of this led to the Great Depression.
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am now grown old and must soon die, and the succession must descend in order, to my brothers, Opitchapam, Opechancanough, and Kekataugh, and then to my two sisters, and their two daughters.

I wish their experience was equal to mine, and that your love to us might not be less than ours to you. Why should you take by force that from us which you can have by love? Why should you destroy us who have provided you with food? What can you get by war? We can hide our provisions and fly into the woods. And then you must consequently famish by wrongdoing your friends.

What is the cause of your jealousy? You see us unarmed and willing to supply your wants if you come in a friendly manner; not with swords and guns as to invade an enemy. I am not so simple as not to know that it is better to eat good meat, lie well, and sleep quietly with my women and children; to laugh and be merry with the English, and, being their friend, to have copper, hatchets, and whatever else I want, than to fly from all, to lie cold in the woods, feed upon acorns, roots and such trash, and to be so hunted that I cannot rest, eat, or sleep. In such circumstances, my men must watch, and if a twig should but break, all would cry out, "Here comes Captain Smith." And so, in this miserable manner to end my miserable life. And, Captain Smith, this might soon be your fate too through your rashness and advisedness.

I, therefore, exhort you to peaceable councils, and above all I insist that the guns and swords, the cause of all our jealousy and uneasiness, be removed and sent away.

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