January 12, 2011

Today in class we had blog discussion and took notes.

 

Election of 1928:

Herbert Hoover who was a representative ran against Al Smith who was a democrat. Herbert won the election, most said it was because he told the people that he wanted to end poverty. Herbert didn't wanna change the foreign policy, but Al on the other hand did because he wanted to end prohibition.

 

I did the stock market in the 1920's.

 

 Stock Market Crash:

 On October 24th it marked the begginging of the crash. People kept buying up on stock becasue they thought that the higher they went it would keep it from falling. October 29th came around and the stock market exchange fell.... and it fell alot. People kept trying to sell their stock but nobody wanted to buy them. Most people had bought on margin in which they wouldn't be able to pay the bank back, which resulted in many banks closing.

 

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