1. Causes of the Stock Market Crash-1929-stock prices were over value.-people started to sell their stocks, so others started and the price went down.-buy now, pay later-buying margin, buying stock on credit. demand in stocks went up, so prices went up.-overspeculation during the 1920's-overproductions of goods-uneven distribution of wealth-too much barrowing from banks,-lack of gov regulation,-federal reserve increased interset rates.*effects-investors and businesses lose a million money-thousands of banks fail-davings are wiped out-businesses cut production-lay off workers, no work went up-unemployment rises-people quit spending money-great depression sets in-depession spreads to europe and other parts of the world2. Causes of the Great Depression-overproduction of goods, companys are making way to much money, and making to many things-underconsumption of goods by consumers-agricultural slump due to overproduction, made to much money , farmed to many crops-high protective tariff polictes of the 1920's-taxes benefiiting the rich-rich got richer, poor get pooer-stock marker crash* effects- new deal programs start-makes the us gov much larger-deficit spending starts- The new deal creates many organizations that are still around today-social sercurity-fascist, milliatry and communist dicators come to power throughout the worldthe vicious cycle of the great depression-companies loss money so they lay people off-unemployment rate goes up and less people but goods as income has dropped-companies profite fall so they have to lay more people off ot cose cycle repeats itselfPlus one of these topics:1. 1928 Election(466)2. Stock Market in the 1920's(466-468)part of a company--dow jones:one of several stock market indicatiors by Charls Dow-way to guege prformance of stock market- it was a dangous place- not everyone of was in it3. Story of the stock market crash-not the causes(467-469)-stoct market bad few bad days here-people were scaryed they were gonna lose everything.- brought us steal richrad whittany, bought steal way over what they were asking, and it helped the prices over way more-in 2 days the prices went down about onefourth the price it was before.4. Banks and business' collapse(469)-stock prices were going up so they wanted to sell their stocks, and take their money out of the banks and after awhile the banks had to close because the people were taking all the money out of the bank5. Effect stock market crash had on other countries(469-471)- the us was doing good, but other countrys werent- england went of the gold stander- us loaded germany money, 33 million money..- many people in germany couldnt even by bread with their paycheck-they helpped usher in dictaors6. Depression in the cities(472-473)it his the manufactioing hard- they cant produce things because no one is buying so they had to lay people of. so alot of people wouldnt have jobs.-7. Depression in the rural areas(473)-it lead to starvation.- if farmers cant farm then people couldnt by those foods and farms couldnt make money for their family so they wouldnt have money to buy food.- farmers had cows and chickens, so they at least had more than what people in the city had.- people in the city had problem with the farmers8. Dust Bowl(474)-big dusty clouds- its because they farmers didnt do things to their farms- farmers need to plow up their feild so they could feed the people in the war- the winds would move west and south- you couldnt use the land after this because it would ruin it- they would have to move because the dust bowl would ruin their house- okes where people who left oklahama to move and find better place because everytthing was ruined9. Men in the Streets(475)- homeless rates went up really high- most lost their jobs then wouldnt have money for thier houses- homeless people couldnt find jobs, so they road on trains,- they came out up with different symbols . like bread, sit down meal, sleep in meal- hoovervilles houses would be made up of what ever they could find- after while the guys would go and fight in the war and woman would go and make their outfits10. Women struggle to survive(475-476)- they wouldnt want to go and stand in line for bread because they wouldnt want people to think their poor- many woman started to work out side of there homes in the 30's and the men got mad because they were taking the jobs that were ment for men and woman were taking jobs from men.- in many area's they wouldnt hire woman because they would think that they didnt need job becasue they would never see them in the bread line11. Children suffer hardships(476)Children got rickets, they had poor diets, 2000 schools closed so they didn't get an education, teenagers left their families and became hobos.12. Social and psychological effects(477)Crime rate went up- people didn't have food so they stole it, teens felt bad so they tried to do it themselves, marriage rate went down and so did the divorce rate, education for college went down. Suicide rates went up 30%. People became thriftier and they appriciated their jobs. Neighbors came together.13. Hoover's background14. Hoover's philosophy/Cautious steps(479)Rugged individualism- leave people alone and let them figure out their own problems, todl labor leaders not to fire people and not to cut wages- but people still went on strike. He wanted small goevrnment and wanted to leave people alone. Fiscally responsible- responsible for money15. Boulder Dam(480)The Hoover Dam, built in the CO river, between Nevada and Arizona, it gave thousands of men jobs, provides energy and drinkning water- Hoover wanted to build it because it would eventually pay for itself.16. Democrats win 1930 Congressional elections(480)Democrats won because people blamed Hoover for the problems, the house of rep. became full of democrats.17. Hoover takes action(481)He tried to help farmers- federal farm board would buy up the crops and store them, and then they would sell them. National Credit Corp.- large banks would loan money to smaller banks so they wouldn't close. Federal Home Loan Bank Act- helped lower morgage rates so people didn't loose their homes and farms. Reconstruction Finance Corp- trickle down theory, loan out money to businesses, banks, and local governments, Hoover wanted them to use that money to hire people and raise wages.18. Bonus Army(482-483)1932- veterans wanted to get paid so they went to Washington D.C. They got paid for being in WWI, Hoover wouldn't give it to them, veterans marched around D.C. to protest, Hoover gives them tents and water, the Patmen bill didn't pass, some people didn't leave so Hoover orded the military to get them away with tear gas.
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