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35
Were call loans helpful in fueling the bull market?
According to White, they weren't. From 1922 to 1929, the demand for loans increased dramatically, causing call loan rates to increase. This drew more credit into the marketplace.
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 11.12.2010