Stock Markets Exposed
How was profit made in the stock market crash of 1929?
This is from a website about the stock market crash of 1929: "For every dollar invested, a margin user would borrow 9 dollars worth of stock. Because of this leverage, if a stock went up 1%, the investor would make 10%! " I don't understand how the 10% profit was made. How WAS the 10% profit made? Please help! Thanks!
Public Comments
- Yippee, Kara! I still don't know, but I hope you get an answer soon!
