Today we got our project topics; Public Works Administration(PWA) and Federal Housing Administration(FHA)we are also continuing with blog discussions,pooling-when a richer person bought all of the stock stock, raised prices, and then the poor people would buy stock from the rich.on the thursday before black tuesday.. everybody thought that the stock market was crashing so everybody started selling stock, so the rich people came in and bought stock.. friday was a rebound day.black tuesday- people dicided that they did not like what happened that thurdsay, so they began to sell their stock, so the prices of stock started to go drastically down, so the rich stock people tried to go over and get the prices to go up as much as they could. this one was so severe that it did not help the market.causes of the great depression..people were just buying on margin, a lot of people were in massive debt.wealth was unequally distributed among the populationmany people went into debt from installment plansold and decaying industrial base makes the US industry less competitiveindustry and agriculture overproducegovernment persues unsuccessful economis polocies such was the tarriff policy with europe and war debtsstock market crash leads to financial panic
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