The boom - Stock Market

Question 1

What was the reason for people investing

Answer 1

Confidence

Question 2

What did Herbert Hoover say about the economy in 1929

Answer 2

“I have no fears for the future of our country… it is bright”

Question 3

How did shares affect the economy

Answer 3

Gave money to businesses
Gave people expendable income

Question 4

What is speculation in the stock exchange

Answer 4

A form of credit it is used to buy shares, take a loan and buy the share then pay the loan from the profits