Monday -
Buying on the Margin - you could pay 10-20% of a share, but got 80-90% returns so people were paying less and getting more
Companies were over producing their products which meant they had left over products that no one could buy so they had to drop prices and companies were losing money
Red Scare - The fear after wars that the United States would become communistic
Tuesday - Watched Movie
Wednesday - 1920's notes
Why Prohibition Failed - 1) People despised it. Saw it as government meddling in peoples lives. 2) The Prohibition Bureau was underfunded. Had 1,500 people to supervise the country. 3) Organized crime became commonplace.
Tariff - Tax on imports
Why did people want lower tariffs? - So that we can get more things from other countries
Why did people want higher tariffs? - So the US gets more money when other countries trade with us.
Thursday - Absent
Friday - Watched movie
Comments
Brief on the notes.