What happened before the stock market crash of 1929?
What happened before the stock market crash of 1929? In August 1929 – just weeks before the stock market crashed – the Federal Reserve Bank of New York raised the interest rate from 5 percent to 6 percent. Some experts say this steep, sudden hike cooled investor enthusiasm, which affected market stability and sharply reduced … Continue reading What happened before the stock market crash of 1929?
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