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Countdown to Black Tuesday

If morals, mores, and ideas were freewheeling in the 1920s, so was spending. For most—except farmers and unskilled laborers—the decade was prosperous, sometimes wildly so. Americans speculated on stocks in unprecedented numbers, often overextending themselves by purchasing securities “on margin,” putting down as little as 10 cents on the dollar in the hope that the stock would rise fast and far enough to cover what amounted to very substantial loans.


Gangster Culture | Complete Idiots Guide to American History | Joy Ride







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