Kyle Croghan Assigned Blog #1 #2 Stock Market In The 20s’ Life was good in the 1920s; people’s income was high and growing. The growth of people’s income meant that people had more money to put into t

[4KYLE]

Kyle CroghanAssigned Blog #1#2 Stock Market In The 20s’Life was good in the 1920s; people’s income was high and growing. The growth of people’s income meant that people had more money to put into the stock market in hopes of getting rich. Increase in companies meant that there was an increase in the economy. Investors kept telling people that the good fortune of the stock market would not last forever, but everybody ignored them.I think that if the people just listened to the investors then the people wouldn’t lose all their money, and the great depression would never have happenedSources:http://library.thinkquest.org/J001569/st.html http://econ161.berkeley.edu/tceh/slouch_crash14.html#17 Hoover Takes ActionHoover believed in small government interference in the economy that is why he was not so fast to directly help the economy. Instead he tried to get people back to work, and not just give corporations large sums of money. Hoover then tried to help the economy in other ways like: the Reconstruction Finance Corporation (RFC)(1930)- gave railroads, banks with money or loansThe Glass-Steagall Act (1932)-made getting loans easyer and released $750 million in gold reserves.The Emergency Relief and Construction Act (1932)- provi loans to the RFC to make.I think that hover tried hard to help the badd economy and all the unemployed, but he could have done better.Sources:http://www.enotes.com/history/q-and-a/what-did-president-hoover-do-try-help-economy-112797#18 Bonus ArmyWhen 43,000 marchers -17,000 U.S. WW1 soldiers marched in Washington D.C. in the spring and summer of 1932 to get their payment redemption of their service certificates. The media called it the bonus march. On July, 28 US Attorney General William D. Mitchell ordered of veterans removed from all government property. President Hoover ordered the army to clear the veterans campsite.I think that the government should have gave the money the the vets because the veterans fought for this government who refuses to pay them.Sources:http://www.enotes.com/history/q-and-a/what-did-president-hoover-do-try-help-economy-112797The Bonus Army

[Mr. Bruns]

Overall brief with no pictures! Be sure to always have at least two pictures.