1. 1929 Stock Market Crash
The new President of the Federal Reserve Board, Adolph Miller, tightened the monetary policy and set out to lower the stock prices since he perceived that speculation led stocks to be overpriced, causing damage to the economy. ... In reality, most of the money that was being invested in the market was not actually being put into the market. (1929 ) Government Reaction After the crash there was criticism of the Federal Reserve policy. ... This reduced liquidity by lowering non-borrowed reserves. ... The Federal Reserve and other banking regulators have softened some of the Act's separation...
- Word Count: 1366
- Approx Pages: 5
- Has Bibliography
- Grade Level: High School