Question 5 • [HSSUS] US History, Sem 1 (26-27)
Investors who bought stocks on margin borrowed money, and falling prices left some stockbrokers and investors unable to repay those debts, adding pressure to the market. The sharp decline also caused a general loss of confidence, prompting more people to sell. Major bankers did try to support the market, so the claim that they took no steps is not accurate.
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