2. Wealthy people/ businessmen- hurt the stock market by running pools, lone money to banks, and painting the show but when the market crashed most of them lost a split of money.
3. The banks that gave loans- they gave let out too much money to the people who buy stocks but when the market crashed they closed.
4. Federal Reserve Board- did not analogous the boom in the stock market but they did nix to stop the market when it crashed.
5. The government- did not get involved 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, stiff people, and the banks that gave out loans to people. People relied a lot on consumer credit (browed money) to be able to buy stocks from the stock market. Americans thought that nothing could go incorrect in the stock market. But they are wrong they lose lots of money and go into huge debt that they cant pay off. Wealthy people manipulate the stock market by pooling their money into a stock and denounce it to soul who wants to buy the stock. Also, the person who ended up with the stock in the end lost money.
Another way 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 call someone up and told 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 wont 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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