Today we continues to watch the movie that we were watching yesterday. We still have to finish most of the questions like:Story of SMC(stock market crash)Black Tueday hit and the market fell tremendously. People then went and tried to sell thier stock so they could still make some money, but most of the small investors lost their money. To help the people out, there was this really rich guy who was buying the peoples stock and that kind of worked but not really.What is pooling?It was when the rich peopel would put there money together, invest in a really good stock for a short time, then pull their money out and make a lot of money.What did the Federal Reserve Board do?They didnt really do anything because the stock market was not doing very good because people were borrowing too much money. Then they raised the interest rates as a way to try and stop the crash from happening. It didnt work.
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