The 1920s was the Decade of strong growth in the United States. From 1921 to 1929, the industrial output increased by about 40% (50% depending on the source), the agriculture sector started to modernize, the farmers borrowed to invest in manufacturing, bringing agricultural production to production status (overproduction). The 1920s brought the United States to become the society of consumption. Development Bank, tíndụng, allows people to buy durable consumer goods, cars, houses, this is also the time of the stock market to thrive. Stock investment is not unfounded, it is associated with the far objects by the real economy prosperity brings. However, the investment has quickly become the speculation: shareholders are not interested in dividends that are interested in selling shares back up speculation; the height in 1928, speculators borrowing Bank to buy back the shares go on sale due to easy loans, low interest rates. From March 4, 1929, interest rates begin rising gradually, making profits from stock speculation, weak, and according to which the debt to speculative inability to pay the debt.
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