wealthy investors buying stocks together and raising the price then selling to average joe consumer.
2. What was the Federal Reserve Board’s take on the booming stock market?
they thought it was dangerous because it was based on borrowed money that wasn't even theirs. they were stuck between places and they knew they need to do somehting, but they were afraid to..
3. What did the Federal Reserve Board do to prevent the crash?
at first they did nothing, and then they raised intrest to 20%
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
he provided a national bank, and money. it ended up being 20 million that he would allow people to borrow easily. he basically tried stopping the stock market crash of 1929. The were offering easy credit for people.
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