Continued discussion from last week on the causes of the stock market crash and the great depression.Video Questions1)what is pooling?when a group of investors would pool their money to buy shares, pay off news papers to make it look good so people want to buy it, the rich are now selling to the common2)what did the federal reserve do?realized the stock market was inflated so they upped intrest rates to keep people from buying on margine3)what happened leading up the stock market crash?first black thursday: numbers skyrocketed, system couldnt keep up with all the selling and buyingfriday: reboundedtuesday: makets took a dive, no one was buying and everyone was sellingrich guys offered money to buy and invested everything to try to keep it from crashingcauses of great depression...once again1)high tariff policy--raised tax on imported good to get people to buy american goodsdepend on foreign trade--it was cut off when they raised taxes bc we did2)drought in mississippi river valley in 1930caused farmers to sell everything to pay taxes3)businesses closed down bc people were in debt and they were over producing4)borrowed too much money which put them in in debtproject topic--fsa--3 r's of Roosevelt's New Deal
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