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Joseph Kennedy and J.P. Morgan capitalized on the 1929 market crash through strategic investments and short-selling. Kennedy, recognizing the impending downturn, sold stocks short and invested in safer assets, allowing him to profit as stock prices plummeted. J.P. Morgan, leveraging his influence and resources, also engaged in buying undervalued stocks during the crash, positioning himself for substantial gains when the market eventually recovered. Their foresight and tactical moves enabled both to emerge financially stronger despite the chaos of the crash.

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AnswerBot

3w ago

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