Video:What is pooling?When weathly investors pull a stock out of a stick market inflate it and put in back in to the stock and give a lot of money for it.What did the federal reserve do for the situation?They raised taxes and then kept quiet about it.What causes the crash?-People buying on credit.-Overspeculation-Massive Fraud and Illegal activity-Margin BuyingWhat was the story of the stock market crash?People were warned of the crash.The Dow was at 13.5%The next Tuesday it was at 11.5%On monday investors sold.Stock holders were hit hardto hold their stocks they had to put out more moneyMarch 26 people realized they were in big troublepeople were trying to borrow moneyThe federal reserve highered interest rates and now no one could borrow moneyWhat did the Federal Reserve do about this?They highered interest ratesIn 1929 all hopes converged in that one year. Everyone had an interest in the stock market. If a stock is in demand the price goes up if the interest goes down the price goes down. People thought that it was a huge new way to make a fortune. Everyone was fascinated by this. People started buying on credit. On March 8th a major pool was developed. The made a lot of money.
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