1. What is pooling?
wealthy investors would buy stocks to inflat the price and raise publicity then trade among themselves to it looks like its good, then people start buying and they sell it to the common people
2. What was the Federal Reserve Board’s take on the booming stock market?
distrusted it, thought it was reckless and dangerous because it was based on borrowed money
3. What did the Federal Reserve Board do to prevent the crash?
they did nothing at first, eventually rose interest rates to about 20%
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
said national bank would step in and provide money which allowed people to borrow, stock prices were brought back up
5. What were the causes of the stock market crash based on the video?
no govt regulation
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