The first thing we did was go right into the video, and we had to answer these questions.
1. What is pooling?
Buy a stock, then inflate the price and sell it when its high price
2. What was the Federal Reserve Board’s take on the booming stock market?
Reckless and dangerous, and they did not do anything to stop people from borrowing
3. What did the Federal Reserve Board do to prevent the crash?
They rose intrest rates to around 20%
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
They had to put money in to the stock market, and the stock market didnt crash for
the time
5. What were the causes of the stock market crash based on the video?
Steel production was going down, car prices were dropping, poeple were in debt where
some signs of a crash
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