Today we watched video and answered qustions. 1. What is pooling? Men buying stock and then they would sell it to somone else making more money.
2. What was the Federal Reserve Board’s take on the booming stock market?Thought it was reckless and dangerouse. because it was based on barrowed money.Needed margen.
3. What did the Federal Reserve Board do to prevent the crash? They did nothing at first,they did increase 20 percent intrest rate.
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?25 million credit.Barrowed money.Crash stoped and regulated out.2 things,easy credit to barrow to ease stalk,
5. What were the causes of the stick market crash based on the video?
Comments