We finished blog discussion today!Ch. 14 Test Topics:-- Causes of the Stock Market CrashBuying and seling stocks was a huge one along with purchasing margin. The federal reserve lowers interest rates. When they rose the interest rate, many people began to panic becasue they were unable to borrow money from banks. There was lack of goverment regulation. Alot of the money from stock markets were not really theirs. People that we not rick were in massive debt along with middle class people became poor and in debt.--Causes of the Great DepressionOver 9000 banks failed during this time. Ended up raising the tariff. The stock market crash was one of the largest effects. Agricultural began to fail due to overproduction. The rich got much richer and the poor got poorer. Our govenment began to use deficit spending and a new deal started which caused our US government to become larger. Fascist, military, and communist dictators came to power.**Vicious Cycle** Companies lost money so they had to lay people off. The unemployment rate got much higher and not many people bought goods.1. 1928 Election(466)Calvin Coolidge decided he was not going to run for president again, which caused Herbert Hoover to win as a Republican. Hoover was born in Iowa and was an engineer. Hoover won the election becasue he had a good reputaion, but Al Smith was a governer of New York which helped him out a little bit. Al Smith was the Democratic that Hoover was running against. Al Smith was against probition which helped Hoover win the election. Al Smith was a catholic which hurt his election quite a bit.2. Stock Market in the 1920's(466-468)A stock is an investment in a company. The stock market is when people buy and sell stocks. The stocks in the 1920's were very expesive. The Dow Jones stock is the best 30 companiesin the US. In the 1920's they allowed anything to happen.3. Story of the stock market crash-not the causes(467-469)In October of 1929 on a Thursday, there was a 11 percent drop in prices, on Friday the prices reboudned, but on that Monday there was a 30 percent drop, then Tuesday "Black Tuesday" the stock prices crashed.4. Banks and business' collapse(469)The stock markets failed which caused the stock markets to fail as well. All the people began to panic and since people lost money because of the banks, buisnesses had to lay people off. There were over 11,000 banks that had to close down. 90,000 buissnesses ended up shutting down.5. Effect stock market crash had on other countries(469-471)The world trade cut in half and the unemployment rate rose a lot. The tariff rose alot becasue our presdient decided we needed to raise the tariff. The crash was not just in the US, it was a world wide crash as well.6. Depression in the cities(472-473)People started to loose their jobs along with all of their homes. People from Latin America were forced to leave the US because people thought they should not be living here and having jobs if us americans didnt have jobs. Even if the people that were born in the US were unable to get jobs and were still forced out of the country. People who had to move to the "Hoovervilles" walked around with their jean pockets hanging out of their pockets and they would cover themselves in "Hoover blankets" which were newspapers. Not many women went out in the bread lines becasue they were to ashamed to be poor.7. Depression in the rural areas(473)They had a good advantage becasue they could grow and eat their own food. Farmers ended up making way to much and were loosing and not gaining any money.8. Dust Bowl(474)Children had to wear sand masks to school because there was so much dust. It was also caled the Dirty Thirties because it was really dirty and the time was in the thirties. Most farmers had to move to California becasue of the dust. In 1933 there was 38 dust storms and the rate kept getting higher and higher. There were not many trees and it was a major drought.9. Men in the Streets(475)Men that had to go up and down the streets looking to see if they could find a job. There was one quote taht mentioned how men could go jobless for a couple weeks then you realize how hard it is with no money. Some men had to leave there families because it was to hard.10. Women struggle to survive(475-476)They mostly just stayed at home with the kids. Some women had jobs but they didnt get as much money as the men did. Many people thought that women should not be allowed to have jobs. Several women would not even stand in the bread lines becasue they were ashamed that they had no money.11. Children suffer hardships(476)ALot of children left there homes and hopped on trains to go find jobs "wild boys" Those that did get jobs they didnt get alot of money, but what ever money they got they usually sent it to their family. Over two thousand schools got shut down.12. Social and psychological effects(477)My topic.13. Hoover's backgroundHoover was president at the start of the depression until 1933. People didnt enjoy alot of the things that he did, even though he did more than most presidents have done. Hoover was born in Westbranch Iowa. During World War One, he was helping alot of people and he conserved alot of food for people.14. Hoover's philosophy/Cautious steps(479)He tried to confince people that everything would be okay including the stock market crash even though he couldnt confince everybody. He believed in the trickle down theory, laissez faire, and the rugged individualism.15. Boulder Dam(480)Congress started to plan to build it, US highway 93 used to run over the dam but not anymore. They used to call it the Boulder Dam but now its called the Hoover Dam. The dam powered the cities so they made alot of money on it. They beleived they were going to pay for itself since they were going to begin to tax on it.16. Democrats win 1930 Congressional elections(480)Hoover and the republicans were turned by everyone.17. Hoover takes action(481)Hoover beleived that most people should have to help themselves in situations. He established the National Credit Coorperation that loaned money to small money. Federal home loan bank made it easier for farmers to beable to stay at home and on there farm. Reconstruction Finance Coorperation is a good example of the trickle down theory. Two billion dollars was loaned out to banks and local governments, Hoover wanted to create new jobs for people.18. Bonus Army(482-483)The veterans of world war one all went to Washington DC to try to get their bonus check earler. That is known as the bonus expeditionary force. Hoover welcomed them still even though he was not that happy with them coming, yet he still provided some food and water to them. The congress refused to give them thier bonus check early. There was about two thousand people that stuck around and protested still to get ther bonus checks. Hoover brought in the military and they used tear gas to force the two thousand out. This obvsiouly made Hoover look really bad on his part.
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