Today we took a fast pop quiz then we got to study our blog for a little bit for our blog disscusion. we looked at a thing about unemployment consumption and other things.Causes of the stock market crash: Businesses werent doing to well because they started producing to much of the products that they made and people were not buying because they were in debt because of the credit, another reason was because they might have already had it, the fedaral reserve board increased interest rates because they saw this as a very unstable situation and they wanted to fix it. People thought the stock market was just going to keep going up and up, The rich go richer and the poor people got some money but they just went farther into debt. Buying on margin. Over speculation only buying something to make a quick profit.
Comments