Black Tuesday, October 29th 1929, was caused by numerous factors including: (1 point)
a. Government regulation of banks to ensure they were keeping money on hand to meet the needs of bank runs.
b. Margin buying where investors would borrow money to purchase stocks in the hopes that they would make a profit before their next payment was due.
c. The rapid decline in consumer culture and luxury goods available for purchase.
d. Hyperinflation in Germany to pay reparations to the Allies.
1 answer
b. Margin buying where investors would borrow money to purchase stocks in the hopes that they would make a profit before their next payment was due.
1 answer