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Buying stocks "on margin" essentially meant buying stocks with loaned money. Long Bull Market Fact 5: Margin Definition: A margin is the deposit of an amount of money to given to a broker as security for a transaction. Buying on margin was not regulated in the 1920's, so the brokers could choose the margins they were willing to give.
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The North Dakota oil boom refers to the period of rapidly expanding oil extraction from the "Shale boom turns North Dakota into No. 2 oil producer". Reuters. The Bakken Formation /ˈbɑːkən/ is a rock unit from the Late Devonian to Early Mississippian It is named after Henry Bakken, a farmer in Tioga, North Dakota, who owned the land where the formation was 1999 estimated the total amount of oil contained in the Bakken shale ranged from 271 to 503 billion barrels (43.1 12 Nov 2019 The Williston Basin, including the productive Bakken Shale formation, and several of the nation's largest oil fields are in western North Dakota.
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