Monday - Watched WWI Video
Tuesday - Watched WWI Video
Wednesday - Notes
- US income distribution - The top 1% of people in the US hold 40% of the Nations wealth
Causes of the Stock Market Crash
- Stock prices were grossly inflated
- Buying on the margin
- Watered stock
- Too much borrowing from banks
- Overproduction
Effects of Stock Market Crash
- Investors and businesses lose millions
- Thousands of banks fail, people savings were gone
- Unemployment went up
- Great Depression sets in
Causes of the GD
- Overproduction of goods
- Under consumption of goods by consumers
- High protective tariff policies
- Stock market crash
Effects of GD
- New Deal
- Deficit spending starts
- Fascist, military and communist dictators to come to power around the world
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