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Benzinga
Benzinga
Business
Wayne Duggan

This Day In Market History: Margin Calls Trigger 'Black Friday' In Germany

Germany Black Friday Dow Stock Market Gold

Each day, Benzinga takes a look back at a notable market-related moment that occurred on this date.

What Happened? On May 12, 1927, German central banker Hjalmar Schacht restricted margin loans issued for stock market speculation.

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