Today we kept watching the movie, and noted that fact that almost all the people talking in the movie are probably DEAD.
- Pooling
Pooling of stock, when people personally drive up the prices of stock to turn a huge profit. The company itself, however, could be doing horribly. Its now illegal, but it wasn't in the 1920's.
- Federal Reserve Board
Federal Reserve Board saw the stock market as dangerous because it was based on the foundation of barrowed money. Unfortunatly, the market was completely dependant upon barrowed money, and there was little the Board could do. They felt that they could raise intrest rates to keep money from the stock market. However, thay knew that raising the rates would make the market crash. However, they raised it to 20%, which stopped people from barrowing money. But, this caused a panic, and people began to sell. This resulted in a....mini-crash of sorts.
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