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The great depression - Coggle Diagram
The great depression
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what led up to this
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They would hype up stocks, buy them and dump them on the markets while the normal investors left with losings.
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aftermath
Franklin Roosevelt made sure that banks were under close supervision and were operating as they were supposed to.
Investigations tarnished the name of wall street because they were doing some bad things like selling stocks cheaper to certain people
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bonds
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Charles Mitchel (head of a bank) saw people invested in bonds and thought people would invest in respectable things
what happened
Stocks went down after people had put millions in them so people were now poor and had lost all of their life savings
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People lost confidence in stocks because people saw that they had to payback what they owed (many people didn't have the money) this showed them the downsides of stocks
What did they do
In the financial district many people were overworked and the stock printers were behind and therefore useless
after the stocks dropped a group of bankers invested a lot into stocks to try and build its reputation back up
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