S7 E6: Thirty Glorious Years
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Stock Speculation in the 1920s
- In the booming US economy of the 1920s, widespread stock speculation fueled by borrowed money became common.
- Arthur Robertson, a stock speculator, recalled seeing everyday people making risky bets on stocks with minimal down payments.
- This speculative bubble, built on hope and unsustainable stock prices, ultimately burst in 1929, creating widespread uncertainty and contributing to the Great Depression.
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