Roaring 20s/Great Depression/New Deal Flashcards

Roaring 20s/Great Depression/New Deal

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Question

The Great Depression was caused by people buying stocks "on the margin." The means __________.

Answer

they bought stocks with borrowed money, they paid more than what the stocks were actually worth

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Card 1 of 37

Roaring 20s/Great Depression/New Deal

0 / 37

Question

Answer

they bought stocks with borrowed money, they paid more than what the stocks were actually worth

Know itStill learning

Card 1 of 37