Buying on the Margin
- Borrowing money to buy stock in the hope that it will go up and you can repay the loan and collect the difference.
- October 20, 1929 Stock Market Crashes also known as Black Tuesday
- Dow Jones Industrial average collapsed (indicated to show how stocks are doing)
- Businesses go bankrupt
- Banks close
- Great Depression begins
"In the 1920s you could buy stocks on margin. You could put 10 percent down and borrow the rest against your stocks."
- Ron Chenew
- Ron Chenew