1/28
Cars supplied easy transportation and helped with street conditions because no horses were needed. Cars gave teens more freedom on dates and hangouts. Charles Lindbergh- A pilot that would go on solo non-stop flights. He joined the army. He flew from NY to Paris in 33.5 hours. He was very famous and quite possibly the most famous person in America at the time. Barnstorming- Lindbergh went from town to town doing loops and tricks to show off his plane to people in the towns. Charles Lindbergh's son was kidnapped at 2 years and said to be killed. As a result, the Lindbergh Law was passed to help raise awareness of the dangers of kidnapping. Amelia Earhart- The first person to fly over 18,000 feet in the air. She was the first person to fly over the Pacific Ocean. She wanted to be the first person to fly around the world but went missing when she had 7,000 miles left. In Papua New Guinea they found a plane wreckage and they think it is Amelia Earheart's plane. NASCAR was made because of prohibition.
Causes of the Stock Market Crash-
What were the causes of the stock market crash? Buying on Credit- Buy now pay later (but people didn't pay later). Rich men were buying low priced stocks and selling them for a lot more. there was no government regulation on the stock market (People could do whatever they wanted) Pooling- They buy all the stock so the demand for stock goes up so that it's more expensive and then sold it all at that high price. More people borrowed money to buy this expensive stock thinking they would make a lot. The prices went down again and people lost their money from buying on credit and went into debt so that they couldn't pay the banks back and then the banks couldn't lend out any more money.
How did the stock market crash influence the public? People started selling their stock ASAP. It left 30% of people unemployed. A lot of people lost hope and became depressed. People were rushing to sell their things and get their money out of the banks.
Stock- Small part of a company. When the stock is good the money is good. Before the Crash- Most people were happy, they had a job and a car, they were buying on credit (borrowing from the bank and pay it back later). There was a stock plateau where people didn't know if they were going to make money or lose it.
1/29
We went over the key questions.
Continued notes on the Stock Market Crash but I'm just going to continue y notes up above under 1/28 for organization purposes.
1/30
NO SCHOOL
1/31
Test Day
2/1
Absent
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