A few reasons for the stock market crash:People were buying on credit and were in debt so by the end of the 20's people were not buying things.In 1929 the Federal Reserve System raised interest rates in effort to make more money, but it just resulted in them making less money because nobody was borrowing any money anymore.People were not buying stuff because they already had a lot of the stuff that they needed.People would buy stocks on margin.Companies were failing.Stock prices inflated. Didn't have any value.Uneven distribution of wealth in the 20's.Great depression set in.Results:Thousands of banks failed.People lost all of their savings.Businesses reduce production. Thousands of workers laid off.CRASH OF 1929People were really optomistic. They never thought life would come to this since life was going so great.additional causesBanks failed- took people's money invested in stocks.Stock prices inflated. Didn't have any value.Uneven distribution of wealth in the 20's.story of stock market crashwhat is pooling?People were buying stocks then inflating them and selling them.what did the Federal Reserve Board do?
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