Today in class we had a blog discussion over the reasons the Stock Market Crashed in the late 1920's. Here are the reasons:*People stopped buying things because they had bought so much on credit before and they were in so much debt.*People also refrained from buying things because they felt like they already had everything that they needed. Such as toasters, refrigerators, and ovens.*The Federal Reserve System raised interest rates, so that's why people also stopped buying things.*Companies also stopped making things because people weren't buying them.*The interest rates were raised so people also stopping borrowing money, therefore they had no money.*With the borrowed money that people did have they bought stocks because that's when everyone start becoming interested in them.
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