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counting too much on something to occur or happen. The same as counting your chickens before they hatch.

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15y ago

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How were joint stock companies similar to modern day corporations?

Too much swag lol lol lol


Why does the U.S. dollar fluctuate in value?

Because people put too much stock into an abstract idea when real value is opinion...


How did the success of the stock market in the 1920's contribute to its collapse?

It fueled speculation, meaning that people invested in stocks without bothering too much about their intrinsic value or about the actual performance of a company, which led to many stocks being heavily overpriced by 1929. Another major factor was that people routinely borrowed up to 60% of the stock's value at purchase, which caused the 'sell at any price' mood and resulting collapse when things went wrong and people needed the money from their investments back to pay off the loans.


What does the word 'inventory' mean and why is it important to a business?

Inventory is the total collection of stock that a business has at a given time. Different businesses have different kinds of stock, depending upon what they sell or do. Shoe stores stock shoes, grocery stores stock groceries, car washes stock detergent, and so forth. Inventory is important because if you don't have enough you cannot meet the needs of your customers, and if you have too much, then you have invested excess money in your inventory, which is inefficient and also results in higher storage costs and higher inventory taxes. So you need to have the right amount of inventory.


Which best summarizes American economic issues at the end of the 1920s?

underproduction, too many credit purchases, stock speculation

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