we finished the video
1. What is pooling?
rich people inflate prices of stock and then they sell it, making tons of money
over inflated the stock prices
2. What was the Federal Reserve Board’s take on the booming stock market?
thought it was dangerous because it relied on borrowed money (margine)
but they did nothing
3. What did the Federal Reserve Board do to prevent the crash?
they did nothing
but they eventually raised intrest rates so people couldn't get money
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
march: they borrowed people money so that they could stop the crash for a short period of time
october: they once again put a lot of money out there so people could borrow it
they also started buying a bunch of stock with their own money to get stock back up
ended it for that day
5. What were the causes of the stick market crash based on the video?
over inflation of stock because of pooling
lack of gov't
then we got to work on our projects
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