In the booming days of the 20s stocks were through the roof. In 1925 the stock market was worth around 27 billion in US dollars. In 2016 that translates to over 350 billion. 4 years later the stock market value more than tripled to 87 billion. Buying on margin is very risky but many investors were certain that it would pay off. So certain that they were willing to pay 20% interest on the loan they took out to buy more stock. They received a rude awakening on October 24th 1929. Also known as Black Thursday began economic crisis when a vast majority of investors tried to sell their stocks at the same time. some tried to prevent the crash by buying large amounts of stock. One of which was J.P. Morgan who pooled resources in an attempt
