Today we talked about the causes of the stock market crash. Stock speculators are people who bought stock and then sold it when it was high, then they would make a huge profit..Banks were just handing money out to people and some people could pay them back and the banks ran out of money. Many people could afford to buy anything because they were poor to start with or they had no money because they were in debt from credit cards. Buying on Margin is when you buy $5 worth of stocks and got $500.Banks began to close and people lost their savings is a result of the stock market crash. Businesses also closed which started a cycle. People lost their jobs, they now dont have a lot of income, and cant buy things, then more businesses close because they don`t have any business and it just keeps going in a big circle.Crash of 1929 video1. What are the causes of the stock market crash?stock prices went up, so prices went up and people couldnt afford to buy things. Consumer credit- many people went into debt because they kept buying things on credit, and they couldnt pay it back.2. Story of SMC ?3. Whats pooling.?4. What did the Fedral Reserve Board do ?
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