The Crash of 1929
Video Questions
1. What is pooling?
welthy investors would pool money buy stocks and l8r sell it for a higher price to unsuspecting investors.
this pooling was not illigal because there was no government regualltion
2. What was the Federal Reserve Board’s take on the booming stock market?
they thought it was distrustful and dangerous because it was based on margin .
3. What did the Federal Reserve Board do to prevent the crash?
nothing which caused a massive panic and people sold and wernt buying
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
he announced theat the national city bank would give up money to help
5. What were the causes of the stick market crash based on the video?
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