1/14/10

[4Austin K]

Today my computer would not turn on and we talked about the stock market crash again.We started watching a movie today called "The Crash of 1929," it's about the Stock Market Crash and some of the causes of it.The Crash of 1929:1. Causes.2.Story of the Stock Market Crash.3.What is pooling?4.What did the Federal Reserve Board do?1) Some causes of the Stock market crash were:2) The Story of the Stock Market Crash:Stock tips came from everywhere.Peope followed the Stock ways of millionares and billionares and how they bought and sold stock.One of the Big things of the stock market in 1929 was that it was not controled and people could rig it so they could and it rose the stock to high amounts and then sold it to make large amounts of money.Many people stoped buying on credit because they were so far in debt.3) PoolingPooling is when people buy stock to raise the price and make a large amount of money when they sell it.People would raise the price on stock by trading between themselves adn then seel to make the stock worth very little.People push up the RCA price over 50% and made themselves rich buy selling it.