1920 election- Herbert Hoover v al smith, Hoover wanted Coolage’s foreign policy, smith did not, Hoover won, al smith anti-prohibition, prosperous economy while he ran so he used that why would you want things to change by changing parties, Americans agreed and didn’t want to change things, south always voted democrat
Stock market in 1920s- buyers and sellers trade company stocks, stock is a part of a company, people thought the more they spent, the more it gained, didnt really understand it and thought prices would keep going up and never drop, buying on margine; didnt have to pay an up front cost, put a down payment on stocks and made it easier to buy stocks; record stock prices
thursday before black tuesday the stocks started dropping so a bunch of powerful guys went out and bought stocks when the market was going down to raise it, a lot of stockholders looked at that incident and people started selling because they got nervous, black tuesday
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