today is a continuation of the last 2 days notes. we talked a lot about what happened during the great depression. employment to income to consumption to production. that was the cycle that kept repeating where people kept losing jobs and couldnt spend as much money back in the economy. The stimulus packages and tax breaks that president obama and president bush tried to do to get the economy going again.Some of the causes of the great depression were less consumption of products, buying on credit, the federal reserve system raised interest rates, uneven distribution of wealth, companies were not making money, overspeculation during the 1920's, buying stocks on credit, banks lent too much money and everyone tried to sell out when they found out the company was going down. There were no laws or regulations on stock trading back in the 1920's, and the federal reserve did not have a good regulation for the economy. People were laid off, jobs were lost, and life savings were lost.The crash of 1929 video-what is pooling?- wealthy investors invest money in a stock, inflate the price and sell to other investors, and after they sold you the stock it usually collapsed.what did the federal reserve board do during this situation?- the federal reserve board increased the intrest rates.what caused the crash?-
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