Billions of dollars were drawn from the banks into Wall Street for brokers’ loans to carry margin accounts. The prices of stocks soared to fantastic heights in the great “Hoover bull market,” and the public, from banking and industrial magnates to chauffeurs and cooks, rushed to brokers to invest their liquid assets or their savings in securities, which they could sell at a profit. It continued for the first six months following President Herbert Hoover’s inauguration in January 1929. SpaceNext50 Britannica presents SpaceNext50, From the race to the Moon to space stewardship, we explore a wide range of subjects that feed our curiosity about space!ĭuring the mid- to late 1920s, the stock market in the United States underwent rapid expansion.Learn about the major environmental problems facing our planet and what can be done about them! Saving Earth Britannica Presents Earth’s To-Do List for the 21st Century.100 Women Britannica celebrates the centennial of the Nineteenth Amendment, highlighting suffragists and history-making politicians.
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Britannica Explains In these videos, Britannica explains a variety of topics and answers frequently asked questions.
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