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 mart crashed they went in to debt because they could non affirm back the bank. 2. Wealthy community/ businessmen- hurt the carnation market by running pools, lone money to banks, and film the fancy and when the market crashed most of them lost a start of money. 3. The banks that gave loans- they gave let bulge too much money to the raft who buy communication channels but when the market crashed they closed. 4. federal official Reserve Board- did not analogous the boom in the production line market but they did nix to stop the market when it crashed. 5. The government- did not get voluminous 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, smashed people, and the banks that gave out loans to people. People relied a roofy on consumer confidence (browe d money) to be able to buy stocks from the stock market. Americans thought that slide fastener could go incorrect in the stock market. But they ar wrong they lose lots of money and go into broad debt that they cant pay off. Wealthy people bull the stock market by pooling their money into a stock and denounce it to soul who indispensablenesss to buy the stock. Also, the person who ended up with the stock in the end lost money.

Another track 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 st ock among them and then call up someone up ! and told them at that place was an envelope for them and they bear to write a nice comment about the company. Banks that gave out loans to people and they do a big mistake because they system 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

If you want to get a full essay, visit our page: cheap essay