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Great Depression Comic Strip
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Please, I beg you! Raise interest rates, so that all the investors can't take as much money to buy stocks!
No! We won't do that! We'll just have all the banks warn people who want to take out money for stock! If we warn them, they won't take out any money for buying stocks!
Can I borrow some money to buy stock?
Federal experts begging the federal reserve to raise interest rates to discourage people taking out loans for the purpose of stocks.
Breaking News! The stock market crashed!
The federal reserve decides not to, but warns the bank about loaning out too much money for the purpose of buying stocks.
I can't pay back all of the loan, so here's a little something.. sorry.
People continue to buy stocks normally.
My bank had to close because no one could pay back their loans...
The Stock Market crashes.
The man can't pay back his loan, so he can only give back a small portion of it.
Banks lose a ton of money, and are forced to close.
Over 14 Million
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