Jan 12-16

[3kyleS]

 Monday

-Consumerism- Belief that its good to buy a lot of items

-Buying on credit-  buy now and pay for it later

Republican Philosophy of Harding, Cooli

dge, Hoover

-Laissez-faire, rugged individualism, trickle down theory-  keep hands off let business take control, gov't not in control, give tax breaks to businesses, they are going to use that money to hire people.

-Stock- Piece of a company that can be purchased

-Stock market- Where stocks are traded,

-Dow Jones Industrial Average- 30 largest companies in US

-Buying on margin- buying stock on credit

-Watered stock-overpriced/inflated prices

-Stock pooling- People coming together to put their money together to buy stocks

-Speculation-with stocks- Purchasing stocks for the sole purpose to sell to someone for a higher price.

-income inequality- Disparity between rich and poor in our country

-Federal Reserve Board- Larger banks gave money to smaller banks

  -its a bankers bank

Tuesday/Wednesday

CAUSES OF THE CRASH

Stock prices were inflated did not have real value/watered stock

People Over speculating/overvalued stock

Overproduction of goods

-farmers making too much, companies had too much product, companies weren't making money

There was an uven distribution of wealth/ income inequality

Too much borrowing from banks

-Banks made it easy to take out a loan

-aloud people to buy on credit

-Federal reserve increased interest rates

--helped lead to the crash

Lack of government regulation

-few laws to regulated stock market

--led to watered stock

Thursday

-1920s video-

Friday

Investors and businesses lose millions

thousands of banks fail-savings are wiped out

Unemployment rose, people quit spending money

CAUSES OF THE GREAT DEPRESSION

Overproduction of goods

Stock market crash

Under-consumption of goods

Agricultural slump due to overproduction

High protective tariff policies of the 1920s, cut world trade

taxes benefiting the rich, rich got richer poor got poorer

Effects of the Great Depression

New deal- Programs start

govt got much larger

Deficit spending started

The New deal creates many organizations that are still around today; social security, welfare

Fascist, military ans communist dictators come to power throughout the world

caused dictatorships

companies lose money so they lay people off

Unemployment goes up,

people buy less stuff,

companies lose money,

companies lay people off