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Financial Collapse - Coggle Diagram
Financial Collapse
The Stock Market Crashes
To get in on the boom, many middle-income people began buying stocks on margin
The system worked well as long as stock prices were rising. However, if they fell, investors had no money to pay off the loan.
By Thursday, October 24, the gradual lowering of stock prices had become an all-out slide downward
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Depression, Recession, Recovery//The stock market sent them into a significant decline economically
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