PROJECT!! POWER POINT PROJECT. NEW DEAL PROJECT. AGRUICULTURAL ADJUSTMENT ACT, FIRST AND SECOND. AAA
CRITICS OF THE NEW DEAL- CHARLES SOMETHING
Bonus Army
-WW1 vets were told that in 1945 they would recieve money for everyday they were overseas and in the army
-they marched to washington DC to protest that the bill to pay the vets didn't pass, the vets stayed the night. They brought in the military to get rid of the vets that just wanted there money. This made Hoover look really bad.
Causes of the stockmarket crash
Buying things on margin(credit)- people were buying things that they didn't have the money for. They were only putting down payments on things and then weren't ever going to be able to pay them off. STOCK PRICES WERE OVER PRICED! people were always buying stock so the prices went up. with people buying things on credit it made the market look like there was money in the stock market that wasn't there. the inflation was based on money that wasn't there yet. There was also a lot of fraud in the stock market. the government didn't regulate much of the stock market, they didn't even really look at it. Now the government keeps a close eye on it. People weren't even buying things very much during the 20s because they couldn't afford it, they were in debt from buying things on credit, they didn't really need anything else, and interest rates were raised. The failure of the federal reserve system- it was a bankers bank. banks could borrow money from them to keep the banks going. They have the power to raise and lower interest rates. During the 20s interest rates were low so people were buying lots of big things and that put people in debt. The federal reserve raised interest rates to keep people from buying big things and putting them in mass debt. This failed because people didn't want to spend anything and saved everything so businesses weren't making any money at all. This really hurt all businesses
causes of the great depression
the stock market crashed and people didn't have anymore money. Because the stock market crashed and people kept there money in there everyone lost there money. Because they lost there money they weren't spending any money which hurt businesses which made people loose there jobs. When people don't have jobs, they don't have any money which makes them spend even less. When we aren't spending anything we aren't making anything to ship overseas or to import things which effected trade with all other countries. The drought wasn't a huge cause but it didn't help. The drought and dust bowl made it hard for farmers to grow any crops to sell or even feed.
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