Asked by Abbygalle Prusinski on Jul 11, 2024
Verified
In the late 1920s,you could buy $5,000 worth of stock by putting down as little as
A) $100
B) $200
C) $500
D) $1,000
E) $2,500
Stock Markets
Marketplaces where stocks (shares) of publicly held companies are bought and sold, influencing the economy and individual wealth.
- Comprehend the principal features and distinctions between the economic conditions of the United States during the 1920s and the 1990s.
Verified Answer
SF
Surala Friedman
Jul 15, 2024
Final Answer :
C
Explanation :
During the late 1920s, the practice of buying on margin allowed investors to purchase $5,000 worth of stock with as little as $500 down, which was only 10% of the stock's value. This contributed to the stock market bubble that preceded the Great Depression.
Learning Objectives
- Comprehend the principal features and distinctions between the economic conditions of the United States during the 1920s and the 1990s.
Related questions
Comparing the United States Economy in the 1920s with the ...
With Regard to Latin America, the Roosevelt Administration ___________________ ...
In Reference to the Problems Associated with World Trade in ...
Great Britain and France Responded to Germany's First Aggressive Moves ...
The Munich Accord of 1938 Concerned Germany's Seizure of _________________________ ...