....continued from yesterday....9)buying stocks on credit(margin)increase in value based on money that wasnt therestarted falling, people sold quickly, prices kept falling10)didnt have real value--stocks worth more than the company11)massive fraud and illegal activtyrich took advantage of the common people12)lack of strong federal reserve policyeffects1)investors/businesses lose millions2)thousands of baks fail, saving are wiped out3)businesses cut production, lay off thousands of workers4)uneemplyment risesThe crash of 1929 video1)what is pooling?2)what did the federal reserve do during this time?3)what caused the crash?
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