Today in class we continued watching the 1920s video.1. Causes2. Story of SMC3. What is pooling?4. What did the Federal Reserve Board do?1. People were buying on margin thinking the stock market was going to be good forever, when the stock market crashed people could not pay for what they purchased on margin and needed to sell. Now people were selling, everyone wanted to sell. A lot of the population became poor.2. Stock market started going up, people were buying on margin and then they could no longer pay off what they had bought on margin. Thursday, Black Thursday, was the very start of the stock market crash.3. People, mainly the wealthy, were buying stocks and then raising the prices to receive more money when they sell.4. Raised taxes on items which raised the price for the people buying on credit.
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