January 14, 15, 2010- Crash of 1929

1. What is pooling:Pooling is wealthy investors would pull the stock, inflate it, then sell it to the public, making money on the return. Pleople would invest, when the stock wouldnt peak anymore they would sell it, making it look better than what it really was.2. What did the Federal Reserve Board do:The federal reserve distrusted the boom because the people were borrowing more and more money and not being able to pay it back. they increased intrest rates.3. What caused the crash:the crash was caused by people selling stocks back and forth sending everyone into bankruptcy.4. Know basics of story:the basics of the story are people wanted to sell stock to make more, and play the market. This hurt everyone because it sent everything into bankruptcy.
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