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The boom of the 1920s was also based on credit. The public was pressured by advertising to buy more and more and to use hire purchase to pay for it. Hennery Ford used a slogan ‘Every American home should have one” to try and persuade people to buy his cars. He then changed it to ‘Every American home should have two’. It was a sign of desperation. People could not go on buying forever and eventually debts have to be repaid.

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People should know what were the Pros of the Stock Market in 1920s that led up to the great depression in the 1920s.

As US industry boomed, so did company shares on the stock market. Prices of shares went up, year after year. This was based on confidence that the boom would last. Speculators brought shares, hoping to make easy money. Some people borrowed money to buy shares; others bought ‘on the margin’ that is, only paying 10% of their value, hoping to make enough money to pay the full price later. People did not realize that buying a share was a gamble and that they could lose all of their money.

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Recession is a slowdown or a massive contraction in economic activities. A significant fall in spending generally leads to a recession. Description: Such a slowdown in economic activities may last for some quarters thereby completely hampering the growth of an economy.

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People should know what were the cons of the Stock market in the 1920s that led up to the great depression in the 1929s.

1. Looming Recession

2. Stock Market Shenanigans

3. October crash

4. Downward Spiral

5. Monetary Policy

6. The actual Depression

7. Dust Bowl

8. Buy american Backfires

9. Bonus army March