Friday quiz>>> know cause
1. Causes of the Stock Market Crash
1.Buying on credit, buying in margin
2.Federal reserve raised intrest rates, so people stopped buying items and stocks, then started selling stocks
3.spectulators buy stock then a year later they would sell....stock watering- over value of stock prices
4.overproduction of goods
5.uneven distribution of wealth- rich got richer and the poor got poorer, people that wernt rich had massive debt so they quit buying things
6.too much borrowing from banks poeple were in debts
7.lack of government regulation- pooling-people would get together and buy a stock and they would get millions of dollars for that stock
- Effects
- investors and businesses lose millions $$$
- Thousands of banks fail-savings are wiped out
- Businesses cut production- lay off workers
- Unemployment rises- people quit spending money
- Great depression sets in
- Depression sets to europe and other countries
2. Causes of the Great Depression
1.Banks failed
2.Smoot-Hawley Tariff-
3.Unempolyment rate
4.stock market crash
5.overprodutcion of goods
6.Underconsumption of goods by consumers
7.Agricultural slump due to overproduction
8.High protective tariff policies of the 1920s
9.Taxes benefiting the rich- rich got richer and poor got poorer
- Effects
- New Deal programs start- makes the US gov't much larger
- Deficit spending starts
- The New Deal creates many organizations that are still around today- social security
- Fascist, military and communist dictators come to power throughout the world
Vicious Cycle of the Great Depression
- Companies lose $$ so they lay people off
- unemployment rate goes up and less people buy goods as income has dropped
- Companies profits fall so they have to lay more people off or close
- Cycle repeats itself
Plus one of these topics:
1. 1928 Election(466)
- Herbert Hoover won
- believed in the efficiance movement
- helped relief efforts
- he was trainde as and enginere
- he was a reblubican
- Hoover won because he went out to a couple democtratic state
- Al Smith was for prohibition and he was democrate
- he was a catholic and people were anti-catholic
2. Stock Market in the 1920's(466-468)
Mine
3. Story of the stock market crash-not the causes(467-469)
4. Banks and business' collapse(469)
- people would put money in the banks then the bank put their money in a stock to raise money prices
- Vicious Cycle
- buisness wouldn't get money >> lay off people, people tried to save money>>wouldn't buy goods
- 90,000 business went bankrupt
- over 11,000 banks closed
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)
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