Monday-watch video
Tuesday-watch video
Wednesday-summary of 1930's. Cause of the crash-stock prices went up. and buying on the margin. Over production of goods, uneven distribution of wealth, too much borrowing banks, federal reserve increased interest rates, lack of government regulation. Effects of stock market crash-Investors and businesses lose millions, thousands of banks fail-savings are wiped out, businesses cut production-lay off workers, unemployment rises-people quit spending money, great depression sets in, depression spreads to Europe and other parts of the world, over production of goods, under consumption of goods by consumers, agricultural slump in 1920's due to over production, high tariffs policies of the 1920's, taxes benefiting the rich-rich got richer and the poor got poorer. new deal programs start-makes the US gov't much larger, deficit spending starts, the new deal created organizations-still around today, Fascist and dictators come to power throughout the world. Hoover acted like a guidance councilor more than a President and people didn't like that.
Thursday-No school
Friday-no school
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