History, asked by sunitakhanduri01, 1 month ago

Why Great Depression caused the decrease in prices of items?

Answers

Answered by debjanigeo1983

0

Answer:

Panic selling began on “Black Thursday,” October 24, 1929. Many stocks had been purchased on margin—that is, using loans secured by only a small fraction of the stocks' value. As a result, the price declines forced some investors to liquidate their holdings, thus exacerbating the fall in prices.

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