Question

According to “Pool’s Purpose Misunderstood”, how did the long Sunday holiday contribute to the collapse?

Answer 1

Stockbrokers who still had profits on their books were afraid their profits would disappearStockbrokers who had losses were afraid those losses might get larger.Investors decided to get out of the market.

Answer 2

According to "Pool´s Purpose Misunderstood", the long Sunday Holiday contributed to the collapse giving traders a chance to evaluate their positions with fear, resulting in that next morning the market opened weak and insecure provoking a mass selling that swept the market, provoking an ever increasing selling fever. The Pool´s misunderstanding was that most people thought that the banking pool organized by J. P. Morgan and the main banks was going to put money to save the market which they did not.