HIST 2112 Lecture Notes - Lecture 9: Stock Market Crash, Exodusters, Underconsumption
Document Summary
Share prices are rising in the stock market . Generally americans would take out a loan to credit inflated companies most of the stocks in (cid:883)9(cid:884)(cid:882)s didn"t exist because they were bought on speculate in stock market or real estate. People were given the option of buying shares on. Easy access due to credit allowed americans to speculate in the stock market encouraged people to buy. There were no regulations of buying and selling. The origins of the crash: the great bull market (1926-1929) stocks credit. Therefore, new investors buy shares on margin (with credit) People think there is no end to prosperity, they thought buying shares was the best way to make money: stocks stocks crash, black tuesday. Most of them were only indirectly affected. Banks were not regulated either, so they invested in. Most americans didn"t own shares in the stock. Aftermath the entire country is changed by the. Crash- warning sign was (cid:498)black thursday(cid:499) october.
