2 years ago

How did people first react to the stock market crash?

1 answer:

5 0

Answer:

Many people were on margin (that's when you put your stock up for security and the bank makes you a loan to buy more stock. Effectively the bank owns the stock). "Everybody's doing it. You can make scads of money doing it." When the market crashed, in many cases it took everything you had. Those who knew what was going on panicked.

Explanation:

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