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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Crash Of 1929

Definition:

In the 1920s, the stock market was booming, and people were using their stock investments to buy houses and the like. Then, in October 1929, it tanked. People's investments were wiped out, and... hello, Great Depression.