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Due to his industrious nature, James Cash Penney was offered a partnership in a Golden Rule store he worked in as a salesman. He eventually bought out the two other partners, changed the name to JC Penney, and owned the store in earnest. He lost all of his money during the Stock Market Crash of 1929. He had to borrow money off his life insurance to pay his workers.
What else can I help you with?
Who was affected by the stock market crash?
deifnitely a small investor
Who was affected by the US' stock market crash of 1929?
Everyone
Did The stock market crash only affected stockholders and brokers?
Nein
What event was the catalyst of the Great Depression?
Stock Market Crash
What event is often considered to be the starting point of the great depression?
(apex) black tuesday
What was a result of the stock market crash farmers problems and the overuse of credit?
The country entered a depression as the result of the stock market crash.
Did the stock market crash happen in the 20th century?
The Stock Market Crash happened in 1929 on Black Tuesday.
What is the stock market crash seen as the beginning of?
If you are referring to the stock market crash of 1929, that was the beginning of the Great Depression.
What were the results of the 1929 stock market crash?
at the end of the stock marketday on thurs. oct,24 the market was at a selling panic attack. the profit flew down and that was the result of the Stock Market crash
What event is considered the start of the Great Depression?
The stock market crash of 1929. novanet - stock prices crashed when millions of shares of stocks were sold
The president during the 1929 crash stock market was?
Herbert Hoover was president of the United States during the stock market crash of 1929.
What effect did the Great Depression?
the great depression affected just about every country by U.S Stock Market crashing cause a lot of other shared and stock markets to crash
