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Wall street crash coursework Black Thursday 24/10/1929 Large sales of shares GE and Radio sales fell Banks spent $40million to stop decline Shares prices stopped falling Rumours that men had committed suicide Banks now demanded repayments of loans that Investors had to buy shares They now had to sell shares to pay the banks Everyone now selling shares with no one wanting them - Prices continued to drop 1: Why did shares prices on Wall Street crash in October 1929? In the 1920s an easy way of making money was to buy stocks and shares on the stock exchange because the price of shares were always increasing in value, so after holding onto them for a short while you could sell them at a good profit. The profits were so good people use to take out loans to buy the stocks and shares and would still make a profit even after paying back the loan. These easy profits and...

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