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Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
6 / 1673 |
Essay's paper body
1962)." Those investors who made millions investing using margins became insolvent instantaneously. The Dow decreased from 400 to 145 by November 1929, losing about 16 billon dollars in stock capitalization.
To increase the problems, banks invested their deposits in the stock market. Because banks were so heavily invested in the stock market many of the money from customer was lost which resulted in bank runs...
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Because banks were so heavily invested in the stock market many of the money from customer was lost which resulted in bank runs. Many banks ended up in bankruptcy, so those depositors who never invested in the stock market lost millions.
Market Watch 4
"Before the Great Crash of 1929, there was little support for federal regulation of the securities markets (sec...
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