The 1920's saw a stock market boom in the U.S. as the result of general optimism: businessmen and economists believed that the newly-born Federal Reserve would stabilize the economy, and that the pace of technological progress guaranteed rapidly rising living standards and expanding markets. ... Federal Reserve's attempts in 1928 and 1929 to raise interest rates to discourage stock speculation brought on an initial recession. ...

• Word Count: 669
• Approx Pages: 3
• Grade Level: High School

Such aspects of our economy that control our GDP are the law of demand, stock exchange activity, and the Federal Reserve System. ... This is where the Federal Reserve System comes in. The Federal Reserve is a national banking network They do a number of things in order to try and control the money supply. ... The Federal Reserve System is in control of the nation's money supply, and it is headed by Alan Greenspan. ...

• Word Count: 517
• Approx Pages: 2
• Grade Level: High School

Stock Market Crash of 1929 Seven decades later, the crash of 1929 is still remembered. A market event that need not have led to economic collapse. This was the year of the great depression and the market crash was...

• Word Count: 771
• Approx Pages: 3
• Grade Level: High School

Warburg, an originator of the Federal Reserve System and an extremely prestigious banker, pointed out to the American public that the "unrestrained speculation" (Galbraith) in the stock market would surely come to an end in a disastrous collapse if it was not brought under some sort of control. ...

• Word Count: 1171
• Approx Pages: 5
• Grade Level: High School

On October 19, 1987, the Dow Jones Industrial Average suffered its largest decline in its history. This caused many investors to worry about the possibility of the country heading into another depression. Fortunately, an event similar to the Great Depression did not materialize. Although we did n...

• Word Count: 1023
• Approx Pages: 4
• Grade Level: High School