Ch. 14 Test Topics:
-- Causes of the Stock Market Crash
- Margin Buying
- Buying/selling of stocks
- Stocks went up but banks went down
-- Effects:
- Investors and businesses loose money
- Many banks fail-savings are wiped out
- Buisnesess cut production, more people were laid off
- Unempolyment rises- people quit spending as much money
- Great depression sets in- spreads to other parts of the world
--Causes of the Great Depression:
- Unemployment
- Stock market Crash
- Overproduction of goods
- Underconsumptions of goods
-- Effects:
- New Deal programs
Vicious Cycle of The Great Depression:
- Companies loose money so they lay people off
- Unemployment rates go up and less people buy goods because income has dropped
- Companies profits drop so they have to lay more people off or close up
- Cycle repeats itself
1. 1928 Election(466)
Herbert Hoover (R) & Al Smith (D) were canidates. Calvin Cooledge was presidet at the time. Hoover won. Smith was vice president. Hoover actually went out and talked to democratic states. Smith was a 3/4 term govenor of NY. Smith had more political experience. Smith was against probition and he was a democratic and he was catholic (this hurt him because people thought the pope would run the country).
Why did Hoover win the election? - Reputation, Probition, Republicain, Not against probition
2. Stock Market in the 1920's(466-468)
Investing in a company (goods) owning a part of the company. Buying and selling stocks. People wanted good stocks for more money so stock prices were increasing. If the Dow Jones is doing well/bad then most other companies (with exceptions) are doing well/bad too.
3. Story of the stock market crash-not the causes(467-469)
4. Banks and business' collapse(469)
People put money into banks and without permisson banks put money into stocks. Stocks failed and when people tried to get money out of the banks it wasnt there. People stopped buying goods becuase the money was gone. Buisness didnt get money because people wernt buying so workers were laid off. Unemployment Rate : 25-30%
5. Effect stock market crash had on other countries(469-471)
6. Depression in the cities(472-473)
7. Depression in the rural areas(473)
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
Comments