This Day In Market History: Margin Calls Trigger 'Black Friday' In Germany
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. Where The Market Was: The Dow traded at around 2,632. The S&P 500 did not…
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