A community for students.

Here's the question you clicked on:

55 members online
  • 0 replying
  • 0 viewing


  • 4 years ago

One of the major reasons for the crash of the Stock Market in October of 1929 was the artificial nature of the stocks , many purchased with borrowed money . True or False .

  • This Question is Closed
  1. anonymous
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    This is true. In the years leading up to the crash, many people were caught up in the hopes of making fast money leading to heavy borrowing in order to buy even more stock when things were looking up. Unfortunately, this also created massive speculation on the true value of stocks as more and more people began buying on what they thought the stocks were worth than on their fundamentals.

  2. pokemon23
    • 4 years ago
    Best Response
    You've already chosen the best response.
    Medals 0

    true also the banks closed down and the people that saved their money didn't get them back and this is how like the great depression started well one of the reasons of how it got started

  3. Not the answer you are looking for?
    Search for more explanations.

    • Attachments:

Ask your own question

Sign Up
Find more explanations on OpenStudy
Privacy Policy

Your question is ready. Sign up for free to start getting answers.

spraguer (Moderator)
5 → View Detailed Profile

is replying to Can someone tell me what button the professor is hitting...


  • Teamwork 19 Teammate
  • Problem Solving 19 Hero
  • You have blocked this person.
  • ✔ You're a fan Checking fan status...

Thanks for being so helpful in mathematics. If you are getting quality help, make sure you spread the word about OpenStudy.

This is the testimonial you wrote.
You haven't written a testimonial for Owlfred.