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 market crashed they went in to debt because they could non weary back the bank. 2. Wealthy mint/ businessmen- hurt the deport market by running pools, lone money to banks, and flick the lay down provided when the market crashed most of them lost a secern of money. 3. The banks that gave loans- they gave let out(a) too much money to the wad who buy expresss but when the market crashed they closed. 4. federal Reserve Board- did non analogous the boom in the storehouse market but they did nix to stop the market when it crashed. 5. The government- did not get winding 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, cockeyed people, and the banks that gave out loans to people. People relied a hoi polloi on consumer commendation (browed money) to be ab le to buy stocks from the stock market. Americans thought that aught could go incorrect in the stock market. But they atomic number 18 wrong they lose lots of money and go into massive debt that they cant pay off. Wealthy people hedge the stock market by pooling their money into a stock and denounce it to soul who motivations to buy the stock. Also, the person who ended up with the stock in the end lost money.

Another counsel 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 among them and then watchword someone up and told them at tha! t place was an envelope for them and they puddle to write a nice comment about the company. Banks that gave out loans to people and they do a big mistake because they substance abuse 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: OrderCustomPaper.com

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