Today we continued the stock market crash video.
The Crash of 1929
Video Questions
1. What is pooling?
wealth people would pool their money to buy a stock cheap and wait for the price to raise and then sell it. They would make sure that everyone thought that that stock was a really good stock so people would buy them. Pooling would inflate the prices of stock.
2.What was the Federal Reserve Board's take on the booming stock market?
It can raise and lower the price. They thought it was bad to the barrowed money but they didnt want to cause a crash
3.What did the Federal Reserve Board do to prevent the crash?
they didnt do anything they raised interest rates to 20%
4.What did Charlie Mitchell and several other Wall street tycoons try to do to stop the crash?
he loaned money to people really cheap so people could buy stock
5.What were the causes of the stock market crash video based on?
Lack of government regulation
inflated stock prices
Interest rates raised
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