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How was profit made in the stock market crash of 1929?

This is from a website about the stock market crash of 1929:

"For every dollar invested, a margin user would borrow 9 dollars worth of stock. Because of this leverage, if a stock went up 1%, the investor would make 10%! "

I don't understand how the 10% profit was made.
How WAS the 10% profit made?

Please help! Thanks!

What's the difference between spot & limit in forex ?

Spot price is the price of the currency in that exact point in time. So if you put through a market order, your order will be executed at or around that price (if the number moves between you seeing it and you pressing the order button).

Limit price is if you are going to place limit orders. That is the maximum (if long) or minimum (if short) price you will accept to order.

Good luck mate!

What do Liberals like Obama have against the stock market?

Why do most stock market investors think Obama is bad for the economy?

Do Liberals not own any stocks or do they think that is something only the evil rich Republicans do?

Is there a calculator that would let me pick a date in the past, a stock and amount invested and give results?

For example: What if I invested $10,000 in a total stock market fund or an individual stock on 10-1-2008. How much would I have today?

With the Stock Market plunging more & more each day, how would that affect us in our daily lives?

What if we already have stable jobs, how would the stock market drop affect us? Would there be less jobs out there if you are looking? Just curious since it's a huge thing going on right now, but if u dont currently invest in the market, how does it affect us?

How does Mr Buffet pick the BEST stock every time?

Mr. Buffet does not pick the BEST stock every time, in fact, he has had many loosers but like all investors/traders, he had more winners than loosers.

Making money is not about having profits in every trade, a good investor/trader can make a very good living averaging profits in 35% of their trades.

One of the most important factor of trading/investing is not so much making money in every trade, but protecting what you have. A sound money management program protect every professional trader/investor and provides them with strong financial success.