1. What is pooling? Wealth investors buy a lot of stocks and tell newspaper writers to buy it and then selling it to the average joe consumer on margin over inflated stock prcies and no government regulation.
2. What was the Federal Reserve Board’s take on the booming stock market? They distrust on it. They didnt like it because of the buying on margin.
3. What did the Federal Reserve Board do to prevent the crash? They did nothing at first.
Then they made intrest rates go up.
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
He allowed people to barrow money from his bank and it made the stock prices go up.
5. What were the causes of the stick market crash based on the video?
Comments