today we are finishing to video we started yesterday.
Stock market crash
video questions
1. What is pooling?
weakthy would buy lots of stock for a little money to jack up the prices then sell them when they were expresnesive them to unknowing people. they would also pay off newspaper writers to write stories about these companies saying great things about it so people would buy the stock.
2. What was the Federal Reserve Board’s take on the booming stock market?
They didn't trust it, they thought it was wreckless and dangerous because it was based on borrowed money. At first they didn't do anything to stop it.
3. What did the Federal Reserve Board do to prevent the crash?
At first nothing was done to stop it. In march there was a mini crash so they raised interset rates.
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
he allowed people to borrow money from his bank so that they could buy stock to bring the stock market back up.
5. What were the causes of the stock market crash based on the video?
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