jan 1, 1921 - Speculation and Buying on Margin
Description:
The practice of taking out a loan and using the money from the loan to invest in stocks. People who do this have an assumption that the stocks price will go up and they will make a profit, therefore enabling them to repay the loan using their profits and still pocket a profit.Added to timeline:
Date:
jan 1, 1921
Now
~ 104 years ago