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 FriedmanJul 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.
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