I missed the first part of class so i didnt hear what the discussion about how Hoover didn't care about the people.
Now we are talking about causes of the stock market. The causes we have gone over buying on margin and how that was horrible for the market. Now Mr. Bruns is talking about pooling basically its rich people taking advantage over the lower classes. Noone was buying anything. So businesses werent making any money. Failure of the federal reserve system. In the 20s that interest rates were really low, and this led to massive debt.
We are going over the causes of the Great depression. Stock market crash, bank failures, and businesses were failing and closing down. Bank closed down so people were losing everything. The high tariffs made it hard for us to trade with other countries.
my project is over : Federal Secruity acts diff betweeen first and second new deals
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