The crash of 1929 video-1) what is pooling? It was a secret bid that people invested in and they would have these pools. It’s when wealthy investors inflate the stocks and then they sell it to less wealthy people and make an investment.2) What did the Federal Reserve board do? It helped out the financial panics and bank runs3) What were the causes of the crash? Some people wanted to be like Jesse Livermore bout stocks and pooled them off and make a ton of money. And then when they sold all of their shares the stock crashed. And then all the less wealthy people sold theirs after everyone seen that the other people were selling them too.4) what is the story of SMC? People started to invest in stocks and most people started to borrow money for it and they wanted to get rich fast without having to do anything. Eventually people started to sell their stock because the business wasn’t doing well and the prices were dropping. So people sold them in a record fast time. And people weren’t buying things from business and this caused them to close and banks borrowed money and they closed and people lost their life savings. People had to buy on system
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