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Tatiana [17]
2 years ago
6

What was "Buying on Margin" and how did it help lead to the Stock Market Crash of 1929?

History
1 answer:
NeX [460]2 years ago
8 0

Answer:

Buying on margin helped bring about the Great Depression because it helped to cause Black Tuesday when the stock market crashed. ... They could not repay their loans because the stock prices had not risen. When they could not repay their loans, they went broke. Because so many people could not repay loans, banks failed.

Explanation:

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True or False, False.

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Can you please explain the concept of informal amendments and how they differ from formal amendments?
Eva8 [605]
A "Formal Amendment" is one that actually adds to or changes the US Constitution. It is ratified by the states and becomes law. An "informal amendment"is a change to the meaning or interpretation of the Constitution of the United States. There is no real informal way to change the Constitution, and it's not an actual change to the wording of the Constitution; rather, it's the way we perceive the Constitution that changes. The one that comes to mind is the equal rights amendment (1972) - which prohibits the inequality of men and women. Opponents say that the amendment is no longer needed, as the issues
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What was the response of the world's nations to the Great Depression?
pshichka [43]

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