How did buying on margin contribute to the StocK market crash of 1829?
Greed in the stock market, buying on margin, and greatly inflated stock valuations created a febrile system. This was in 1929. ChaCha 24/7!
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About Stock Market
The stock market is a form of public trade of company share (stock) at an agreed price. In the United States, the stock trade takes place on Wall Street, which has been appointed the financial capital of the country.
About Stock
A stock is a share in the ownership of a company. Stock represents a claim on the company's assets and earnings. If you continue to buy more stock in a company, your ownership stake in the company becomes greater. Some other names for stock are shares and equity. When you buy stock in a company, you become one of the company’s owners and you are called a shareholder of that company.
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