OpenStudy (anonymous):

Why did so many people invest in the stock market in the 1920s? They felt it was safer to invest in stocks than in bank deposits. They had faith in the stock market because it was well regulated. They believed the majority of stocks were undervalued at that time. They could buy stocks "on the margin," so they needed less initial capital

3 years ago
OpenStudy (anonymous):

After WW1, Europe was devastated financially and psychologically. America, with the least involvement as a major power, was generally unscathed, and our economy boomed with loans that needed to be paid back by France and Britain, (the money they gave to us came from Germany which they practically brought to its demise until Hitler showed up, but that's another story). With all that money industry exploded and commercial investment skyrocketed, and our trucking industry got its first real start after manufacturing trucks to be used over seas. And oil discovery's were still going strong in the southwest. Also, New York became the new art capital of the world as European art was sent and bought by american collectors. William Randolph Hearst benefited the most form this art spree as is evident in his Hearst Castle. you should look it up, I've been there its really cool.

3 years ago
OpenStudy (joel_the_boss):

good

3 years ago
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