1. Causes- Everyone started taking there stocks out bringing them down. People started not buying stuff because they already have it or they were in debt. Income rose slowly and they used that to buy stuff and they went into debt quickly. They spent there money buy using credit. People started taking money as loans and not paying them back. And they started rasing intrest rates. The fedeal reserve board did nothing but raise intrest rate.2.Story of stock market crash- People start buying stocks and when it was high the stock died. Then people stoped buying and the stocks all died and the stock market crashed. People were buying stocks on credit and people couldnt pay them back. THe market started in a free fall and there was a wide panic. It was one of the worse days. The house of morgan. They tried to put money into the money and it started to help. It only helped for that day. Monday people started getting out as fast as possible and then on tuesday the market went down really fast.3. What is pooling-Wealth investers made the stock go up really high then sell it to an unknow person.4. What did the federal reserve board do-
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