1. What happened on Black Thursday in the 1929 stock market crash?
2. Which event is identified as Black Tuesday in the 1929 crash?
3. What does buying on margin mean?
Black Thursday — date?
24 October 1929, stock market crash begins
Black Tuesday — date?
29 October 1929, market collapse complete
Stock market crash — effect?
Destroyer of wealth, triggers panic
Buying on margin — mechanism?
Borrowing to buy stocks with small upfront payment
Margin buyer — risk?
Default when prices fall, leading to bankruptcy
Bank run — cause?
Fears of bank failure, depositors withdraw money
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