ipl-logo

What Caused The Financial Boom In The 1920's

202 Words1 Pages
“The financial boom occurred during an era of optimism. Families prospered. Automobiles, telephones, and other new technologies proliferated. Ordinary men and women invested growing sums in stocks and bonds. A new industry of brokerage houses, investment trusts, and margin accounts enabled ordinary people to purchase corporate equities with borrowed funds.” (Gary Richardson, 2013). As a result, more Americans become wealthier and investing in the stock market. Share prices increased tremendously during the 1920’s. By the end of the decade, stocks price were reaching all times highs, but soon enough the market made a historic turn for the worst. People suddenly started to sell shares at a desperate pace, which lead to a crash in the market

More about What Caused The Financial Boom In The 1920's

Open Document