The 1928 election:
it was hoover's first time running and smiths third.
smith was the govener of newyork
hoover wanted to keep forign policy the same .
hoover won by a wide margin.
the economy was great when hoover ran and that also helped him win
he said everything is gonna be great and poverty was gonna be eliminated. that obviously came back to haunt .him
the south always voted democrates back in that time period until it eventually flip flopped.
1920's stock market:
a stock market is a place where buyers and sellers buy part of a company.
purchacing from the stock market is a gamble.
in the 20's people assumed that the stock market would go up the more they bought from it.
buying on margin is u pay 10 to 20 precent and pay the rest later.
as stocks went up it would take mabie a year or two at most in order to pay this off
if the stocks go bad your stuck payin outta pocket.
Stock market crash:
the ticker lagged and brokers told people to sell
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