Notes
-Tuesday october 29th, 1929
-Causes include buying on margin
-Overproduction of goods
-Failure of the agricultural sector
-16 million shares traded
-Tuesday october 29th, 1929
-Causes include buying on margin
-Overproduction of goods
-Failure of the agricultural sector
-16 million shares traded
Summary
On october 29th 1929 the american stock market crashed when over 16 million shares were dumped.
Quotes
Agriculture is not crop production as popular belief holds - it's the production of food and fiber from the world's land and waters. Without agriculture it is not possible to have a city, stock market, banks, university, church or army. Agriculture is the foundation of civilization and any stable economy.
Allan Savory
Subjunctive Question
Could this have been prevented by less margin used to buy stocks?
On october 29th 1929 the american stock market crashed when over 16 million shares were dumped.
Quotes
Agriculture is not crop production as popular belief holds - it's the production of food and fiber from the world's land and waters. Without agriculture it is not possible to have a city, stock market, banks, university, church or army. Agriculture is the foundation of civilization and any stable economy.
Allan Savory
Subjunctive Question
Could this have been prevented by less margin used to buy stocks?