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Today we took a test and i think i failed it cause my partner didn't halp me that well.
1. Causes of the Stock Market Crash
1.Buying on credit, buying in margin
2.Federal reserve raised intrest rates, so people stopped buying items and stocks, then star
Continued on with the Chapter 14 Test topics.
Ch. 14 Test Topics:
-- Causes of the Stock Market Crash: Causes for the stock market crash: investors getting money from brokers, brokers getting money from banks, and when the banks fail, all of that money
**People were buying on margin- meaning that if someone didnt have enough money to buy it, they borrowed it and payed back later. But, banks failed and people couldnt pay back their loans, causing national debt to
Took a quiz at the beginning of class. Continuing blog discussion today.
Ch. 14 Test Topics:
-- Causes of the Stock Market Crash
- when the market was unstable people started to panick and then started to sell
- everyone was buying things on credit and then
quiz today
1. Causes of the Stock Market Crash
- Buying on credit, buying in margin
- Federal reserve raised intrest rates, so people stopped buying items and stocks, then started selling stocks
- spectulators buy stock then a year later they would sell....sto
Ch. 14 Test Topics:
-- Causes of the Stock Market Crash
- Margin Buying
- Buying/selling of stocks
- Stocks went up but banks went down
-- Effects:
- Investors and businesses loose money
- Many banks fail-savings are wiped out
- Buisnesess cut production, more people we
Watched America the Story of Us
Absent -out of town
Make up Notes:
4. Banks and business' collapse(469)
People couldn't pay back loans and banks lost money then closed. People didn't trust banks and kept money in their house. 11,000 of the 25,000 banks failed
Businesses overproduced pr
