i was gone but got notes from someone.
Ch. 14:(Three of these-10 points each)
1. Causes of the Stock Market Crash
- Overspeculation during the 1920's - speculators are people who are in it for the short term, overspeculation led to high demand which made them over priced
- Buying on margin brought a lot more people into the stock market
- Rich got richer, the poor got poorer
- Companies were making tons of goods but no one was buying so they lost money and eventually had to shut down or fire people
2. Causes of the Great Depression
- Stock Market
- Overproduction of goods
- Underconsumption of goods by customers
- Agricultural slump due to overproduction
- High protective tariff policies of the 1920's - tarrif is a tax on imported goods from other countries
- Taxes
- benefiting the rich - rich got richer, poor got poorer
3. Describe the problems that people had in the cities and the rural area.
- Farmers didn't get paid a lot. Farms were taken away from them a lot of the time because they didn't pay so the bank took them
- Many people ended up having to live in the streets because they lost their houses. They then lived in "Hoovervilles" which were very dangerous.
4. Describe what Hoover did to help with the Great Depression.
1. Hoover Dam Project
2. Reconstruction Finance Coorporation - gave two billion dollars out to different companies/organizations believing they would create more jobs. Example of trickle down theory
3. Federal Home Loan Bank Act - helped people keep their homes and their farms because it lowered morgage payments
4. National Credit Coorporation - set up to save small banks - bigger banks that were more secure were supposed to loan money to smaller banks in times of panic
5. Federal Farm Board - buy up farm surpluses and store those goods until prices went up on those crops and then they would sell them - price would go back down after they would be sold
5. What made Hoover so unpopular during his presidency?
Ch. 15:
Two of the following-Ten points each:
Describe the cycle of the Great Depression.
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
Why did people criticize the New Deal?
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
Four of the following-Ten points each:
How did the New Deal help:
Unemployed
Farmers
Factory Workers/Labor
Young People
Banks
Stock Market
Businesses
Home Owners
Elderly
Native Americans
Two of the following-Five points each:
Hundred Days -
Fireside chats -
Priming the pump -
Deficit spending -
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