haydoc1025
30.06.2019 •
History
What investment decisions destabilized the economy during the 1920s?
Solved
Show answers
More tips
- S Style and Beauty How to Choose the Right Fur Coat and Avoid Regrets?...
- C Computers and Internet How to Create a Folder on Your iPhone?...
- G Goods and services How to sew a ribbon: Tips for beginners...
- F Food and Cooking How to Make Mayonnaise at Home? Secrets of Homemade Mayonnaise...
- C Computers and Internet Which Phone is Best for Internet Surfing?...
- F Food and Cooking Everything You Need to Know About Pasta...
- C Computers and Internet How to Choose a Monitor?...
- H Horoscopes, Magic, Divination Where Did Tarot Cards Come From?...
- S Style and Beauty How to Make Your Lips Fuller? Ideas and Tips for Beautiful Lips...
Answers on questions: History
- M Mathematics The sales tax rate is 6.49%. estimate the sales tax on a washing machine that costs $497....
- B Business Millner Corporation has provided the following data from its activity-based costing accounting system:Millner Corporation has provided the following data from its...
- H History Help me pleaseeee :)...
Ответ:
People made investments based on the bull market instead of considering the value of the stock which led to destabilizing the economy.
Speculation and buying on margin made people lose a lot of money. In consequence, the stock market and the economy became increasingly unstable. Loans couldn’t be paid back by speculators, and banks couldn’t cover depositors’ withdrawals because they had lost a lot of money in the stock market themselves.
This situation combined with some economic principles such as overproduction (when the good’s supply outpace their demand) made the stock market crash causing the Great Depression, the worst economic downturn in the history of the industrialized world. It lasted ten years, from 1929 to 1939.
Ответ: