Ch. 14 Test Topics:-- Causes of the Stock Market Crash- Buying on credit, buying on stock on margin, federal reserve party raised interest rates, company profits, overspeculation during the 1920s, overproduction of goods, uneven distribution of wealth, too much borrowing from banks, lack of government regulation, and stock prices had no value.--Causes of the Great Depression- Raised tarrif, raised unemployment rates, stock market crash, bank failure, over production of goods, underconsumptions of goods by consumers, agricultural slump due to overproduction, high protective tariff polices and taxes.--Effects of the Great Depression- New deal programs start-makesthe US government much larger, deficit spending starts, the New Deal creates many organizations that are still around today- social security, Fascist, military and communist dictators come to power throughout the world.1. 1928 Election(466)- Herbert Hoover(R) and Al Smith(D). Hoover was born in Iowa and he was an engineer. Al Smith had over 1,000 votes. Prohibition hurt Al Smith and being a Democrat. Hoover was a Republican. 1928 people thought Republicans were Godly. Al Smith was also a Catholic.2. Stock Market in the 1920's(466-468)- Stock is an investment in business. People wanted more stocks to make more money. The Dow Jones isn't doing well then most stocks arn't doing well.3. Story of the stock market crash-not the causes(467-469)- Black Tuesday was the worst in the story of the Stock Market Crash.4. Banks and business' collapse(469)- People paniced and banks lost there money because they gave to many loans out. Since banks lost money then businesses weren't getting money. 90,000 businesses failed. Unemployement Rates were around 10 percent and got to 35 percent.5. Effect stock market crash had on other countries(469-471)- Two things raised, one the tariff cutting the world trade in half and unemployment rates raised also which didnt help. The reason the tariff raised was because our president said we need to raise the tariff so we dont get trade from other countries to get more money for jobs. In Europe it strengthened the communist groups because they had back up systems for money and it lowered none communist groups because they didnt have money. All the mess gave Hitler to rise into power in 1933.6. Depression in the cities(472-473)- You would see breadlines,7. Depression in the rural areas(473)- They had an advantage of eating food, and a lot of farmers lost there food8. Dust Bowl(474)-9. Men in the Streets(475)10. Women struggle to survive(475-476)11. Children suffer hardships(476)12. Social and psychological effects(477)13. Hoover's background14. Hoover's philosophy/Cautious steps(479)15. Boulder Dam(480)16. Democrats win 1930 Congressional elections(480)17. Hoover takes action(481)18. Bonus Army(482-483)
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