1. What is pooling?
Illegal buying of stock, raising the price, then selling it again
2. What was the Federal Reserve Board’s take on the booming stock market?
They looked down upon it and saw it as dangerous.
3. What did the Federal Reserve Board do to prevent the crash?
At first nothing, but they soon raised interest rates to 20%
4. What did Charlie Mitchell and several other Wall Street tycoons try to do to stop the crash?
They announced that they'd give 25mil dollars of credit to people. Then they began to just walk the streets buying stocks.
5. What were the causes of the stock market crash based on the video?
The government didnt regulate the stock market and people took advantage of it. Prices eventually went outta control.
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