1920?? ?? ??? ????? ???? ???? ????. ??? 1929? ?????? ????? ??? ???? ?? ??? ??? ????. 1920?? ?? ??? ???? ???? ?? ??? ??? ?? ??? ??? ?? ???. ???? ? ?? ??? ‘???’? ??? ?? ???.
??? ?? ????? ‘?? ? ??’? ??? ????. ????? ??? ???? ‘??’? ???? ???? ??? ????? ?? ???? ??? ‘??’? ???? ??? ??? ??? ??? ??? ? ??? ????.
??? ?? ? ???? 1920??? ??? ??? ??? ‘???’ ???? ????? ??? ????. ??????????(AWSJ)? 13? 1920??? ??? ??? ???? ????? ?? ??? ????? ‘???’? ? ?? ???? ????.
??? ??? ??? ??? ??? ‘????’ ??? ???? ? ??? ‘???’ ???? ??? ???? ?? ?? ????? ?.
1918??? 1934??? ? ??? ??? ‘???’ ???? ?????, ???, ??? ? ??? ???? ???? ????? ???? ?????. ????? ??? ????? ??? “?? ??? ???? ?????? ????? ???? ??? ????? ??? ???? ? ??? ?? ??? ????? ??”? ????.
????? ??? 1929? ???????(NYSE)? ??? ??? ? ??, ???, ??? ?? ?? ???. ? ???? ???? ???? ??? 1929?? ????? 65%~94%?? ????. ??? 70?? ?? ?? ?? ??? ??? 1929?? ???? ?? 77?~1900??? ???? ??.
AWSJ? 1920?? ‘???’ ???? ??? ??? ?? ?????? ??? PC? ??? ?? ????? ????. AWSJ? “??? ??? ?? ‘?? ???’? ?????? ???? ??? ???? ???? ???? ??? 1920?? ‘???’ ????? ?? ???? ??? ?”??? ????.
?? ??, ????? ????? ?? ???? “??? ??? ?? ???? ???? ??? 10~15%??? ?? ?”??? ????.
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