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Sept. 1929
"There is no cause to worry. The high tide of prosperity will continue." Andrew W. Mellon, Secretary of the Treasury
"There is no cause to worry. The high tide of prosperity will continue." Andrew W. Mellon, Secretary of the Treasury
Buying on the Margin
- Borrowing money to buy stock
- one of the causes of the Great Depression
Summary
Everyone bought stocks on margin back then and this became a cause of the Great Depression