The Crash of 1929
Video Questions
1. What is pooling?
weathy inverters buying stocks together and raiseing the prise then selling to an un expecting invester.
they also pay people to spred out good news about the stock to raise intrest in the stock
2. What was the Federal Reserve Board’s take on the booming stock market?
they distrusted it.
they thought it was dangerous because it was built up on barowed money
3. What did the Federal Reserve Board do to prevent the crash?
they did nothing at first....
..they felt like they needed to raise the intrest rates but then it would have caused a crash so they didnt.
they finally raised intrest rates
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
he announced that the National Bank would allow $25 million of credit for people to barrow.
5. What were the causes of the stick market crash based on the video?
over inflated stock prices
was not controlled they didnt have rules
(lack of government regulation)
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