Wall Street Crash Flashcards
1
Q
How many Americans were trading stocks by 1929?
A
20 million
2
Q
What percentage of Americans were living under the living wage of $2,000 per year?
A
50%
3
Q
What strategy did many people use to purchase more shares?
A
Margin buying
4
Q
What caused many businesses to lose value prior to the market crash?
A
Over production
5
Q
What exacerbated the problem of over production?
A
Tariffs
