Took a quiz at the beginning of class. Continuing blog discussion today.
Ch. 14 Test Topics:
-- Causes of the Stock Market Crash
- when the market was unstable people started to panick and then started to sell
- everyone was buying things on credit and then stopped buying things
- overspectulation durring the 1920s
- overproduction of goods
- "Buying on Margin"
- Uneven distribution of wealth
- too much borrowing from banks
- stock prices were grossly inflated, did not have real value
- lack of government regulation
--Causes of the Great Depression
- overproduction of goods
- underconsumption of goods by consumers
- agricultural slump due to overproduction
- high protective tarriff policies of the 1920s
- taxes benefiting the rich-rich got richer, poor got poorer
- stock market 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 security
- fascist, military and communist dictators come to power throughout the world
1. 1928 Election(466)
2. Stock Market in the 1920's(466-468)
3. Story of the stock market crash-not the causes(467-469)
- The days leading up to the crash there was an 11% drop and then continuing to rise up and when it got to about 30% it crashed
- people started selling stock which led to more people selling stock
- then a big bank owner said that they will hand out loans if people sell them stock
- durring the fall we start to see drops in the stock market
- there were hints that something big was going to happen like the stock prices inflating
- Charlie Mitchel desided to do the same thing
4. Banks and business' collapse(469)
- stock markets failed so banks lost money
- people tried to get their money out as fast as they could
- banks closed becasue they lost their money
- when the banks closed people lost everything they had in the bank
- in 1929 it dropped 54%
- 90,000 businesses failed
5. Effect stock market crash had on other countries(469-471)
6. Depression in the cities(472-473)
- people started loosing their jobs so they had to start leaving their homes
- people needed to buy food so people started selling food cheap
- mexicans were sent back to mexico even if they were born in the US
- farmers had the advantage because they could grow their own food and they burnt their food because they had so much of it and killed hogs and spilled milk and tried to get prices to go up
- you would see breadlines a lot for people to go get food and bread
- women wouldnt stand in line because they were to ashamed of being to poor
- hoover didnt belive in the government giving out theese types of things because he thought it was the churches job to do that
- soup kitchens would give out free meals for people who couldnt aford to pay for food
7. Depression in the rural areas(473)
- a lot of farmers lost their farms through forclosures mostly through the hoover years
- they had the advantage of having food and made to much food that they were loosing money
- as the 30s went on they started burning feilds, spill milk, kill hogs while people in the cities were starving
8. 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 background
14. 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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