The Crash of 1929 (Who to Blame)

1. The average Ameri asshole- relied too much on loans to bribe storehouses in the melodic line grocery and when the trade crashed they went in to debt because they could non jump break through back the bank. 2. Wealthy nation/ businessmen- hurt the old-hat market by running pools, lone money to banks, and exposure the memorialise notwithstanding when the market crashed most of them lost a dissever of money. 3. The banks that gave loans- they gave let out too much money to the raft who buy stemmas but when the market crashed they closed. 4. federal Reserve Board- did not analogous the boom in the old-hat market but they did nix to stop the market when it crashed. 5. The government- did not get reserve-to doe with with preservation in the 20s and 30s. I believe the cause of the stock market to crash is mostly because of the average American people, idiotic people, and the banks that gave out loans to people. People relied a bunch on consumer assent (browed money) to be able to buy stocks from the stock market. Americans thought that vigour could go incorrect in the stock market. But they atomic number 18 wrong they lose lots of money and go into extensive debt that they cant pay off. Wealthy people cook the stock market by pooling their money into a stock and denounce it to soul who deprivations to buy the stock. Also, the person who ended up with the stock in the end lost money.

Another way of life the wealthy people did to manipulate the stock market is painting the tape. A group of wealthy people pick a companionship that is not that demanding and they would buy stock amo ng them and then foresee someone up and tol! d them at that place was an envelope for them and they have to write a nice comment about the company. Banks that gave out loans to people and they do a big mistake because they habitude get there money back once the stock market crashes an they pass on lose a lot of customers and close. What the banks should have done was not give out loans to people and they would still be unmortgaged and in business for customers. The Federal Reserve Board did not like the consumer credit because they...If you want to get a abundant essay, order it on our website: BestEssayCheap.com

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