History of the United States II / Unit 10 USH2 1352 short lesson, about 20 seconds
Buying on Margin
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The idea
Buying on margin meant putting down a small payment and borrowing the rest, planning to sell at a higher price before the loan came due.
In practice
An investor owning shares worth far more than the money he had put in.
Where people slip
A falling market wiped out such buyers' savings in minutes, the anchor says, while their debt to the bank remained.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
Builds on
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