Posted by 2michaela on January 18, 2010 at 10:00am
today we went over a little for the write to learn and he told us the people who had to still be apart of the great depressionpooling?when a group of men buy a stock at cheap, makes the stock go up, sell for more.federal reserve board do?stock market grossly inflated, raised interest rates to stop buying on margin, panic occured, everyone sold quick.what happened that day?thursday stocks went up, system couldnt keep track.friday reboundedtuesday stock market crashed, prices plumiteddurrant and mitchell tried to bring the stock back up by offering creditGDtarriff higher interest, others did to us. less and less trade.companies closed downborrowing from banksBOOK LISTwealth is unequally distributed among the populationpeople go into debt on installment pplansold and decaying industrial base makes US industry less competitiveindustry and agriculture overproducegovernment pursues unsuccessful economic policies - tariff cut down world tradestock market crash leads to financial panic - speculationproject; Food, Drug and Cosmetic Act(FDC)FDR vs the US Supreme Court-Court Packing issue
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