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The Stock Market Crash of 1929 – Part 2: Age of Illusion

Conflicted: A History Podcast

CHAPTER

The Stock Market Has Goes Too Far

The federal reserve bank met in February to discuss the stock market. The board decided to write a letter and issue a press release instead of raising interest rates. But still, investors were spooked by the fed's buzz kill lack of confidence. By march, people were beginning to wonder if this was the end of the bull market. And it might have been. A sell off might have occurred, a correction, a return to normalsya but what the fed did not count on was the swift and forceful intervention of sunshine Mitchell.

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