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enyata [817]
3 years ago
14

Why did so many people invest in the stock market 1920s

History
1 answer:
Jobisdone [24]3 years ago
8 0

A lot of people invested in the stock market in the 1920s because they could buy stocks 'on the margin', and hence, required little initial capital. 'Buying on margin' means that you leverage an asset by borrowing money from a lender.


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South Carolina, which existed from 1663 to 1712, was controlled by the Lords-proprietors - a group of eight English nobles, informally led by Anthony Ashley-Cooper (1st Earl of Shaftesbury). Dissatisfaction with the administration of the colony led to the appointment of the vice-governor in 1691, who controlled the northern part of the colony. The owner of South Carolina, John Archdale, bought this colony in 1691 from the widow of the former owner, Sir William Berkeley. In 1706, Archdale published a description of his colony; he reported that the royal letter authorized the colony owner to establish nobility, that the latter, together with representatives of the lord-owners, constitute the upper house and that the lower house is elected by the people.

Each proprietary colony was characterized by specific system of governance which reflected the geographic factors and the lord proprietor personality. The colonies of Maryland and New York, based on English law and administration practices, were run effectively. But Carolina was mismanaged.

In 1729, the British government bought rights from the heirs of the lords-proprietors and the province became a royal colony.

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