Today Bruns told us that we all did very well on our wtl quizes. Then he said that our web pages were going to be graded on Monday. Then we talked about the causes and effects of the stock market crash.The Causes of the stock market crash1. Overspeculation during the 1920's2. Overproduction of goods3. Buying on margin(like buying stock on credit)4. Uneven distribution of wealth in the 1920's5. Too much borrowing from banks6. Stock prices grossly inflated; did not have "real" value7. Massive Fraud and Illegal Activity8. Federal Reserve BoardEffects1. Banks closing2. Economic contaction in the U.S. spreads to Europe3. The Great Depression sets in4. Thousans of banks fail, savings are wiped out5. Investors and businesses lose millions6. Unemployment rises, consumer base drops furtherThen we started watching the video. We have to answer some questions that bruns wrote on the board.-Causesthe causes in the movie were the same as what is above.-Story of the smc(stock market crash)we didnt get very far in the movie so we cant really sum up this question just yet, and we dont know what pooling is and we dont know what the federal reserve board did. We will most likely find these things out tomorrow.
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