Ordinary people who had put their money in the bank were having it invested in the stock market without their knowledge. ... Charles Mitchell made the announcement that his bank would continue lending money and with his reassurance the panic stopped. ... In all 12.9 million shares of stock were sold and the selling did not stop until a group of bankers pooled their money and made a large investment. ... He was inclined to give indirect aid to banks or local public works projects, but he refused to use federal money for direct aid to citizens, believing it would weaken public morale. ...

• Word Count: 2613
• Approx Pages: 10
• Has Bibliography
• Grade Level: High School

The supply increased, however the demand was unchanged, hence prices were low. ... Money was distributed between the rich and the middle-class, between industry and agriculture within the United States, and between the U.S. and Europe. ... It would take time and money to recuperate. ...

• Word Count: 2710
• Approx Pages: 11
• Grade Level: High School