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52
What were some general Fed policies during the 20s? (4)
1) let the weak bank fail - mostly rural banks
2) attempt to end speculation in stock markets - fewer call loans asked of New York banks, but other banks took over.
3) Increase the discount rate 4.5-5.5% - showed intent to limit credit
4) set margin requirements on investments - the amount of money you must put up front to make an investment
2) attempt to end speculation in stock markets - fewer call loans asked of New York banks, but other banks took over.
3) Increase the discount rate 4.5-5.5% - showed intent to limit credit
4) set margin requirements on investments - the amount of money you must put up front to make an investment
Flashcard info:
Author: savhighsmith
Main topic: Economics
Topic: History of Economics
School / Univ.: UGA
City: Athens
Published: 15.11.2010