Chapter 14 Test Topics
-- Causes of the Stock Market Crash
--Causes of the Great Depression
1. 1928 Election(466)- Republican Candidate: Herbert Hoover Democratic Candidate: Al Smith
Herbert Hoover Won. Republicans had been in the White House and the economy was booming
Al Smith was against prohibition
Al Smith was Catholic and there had never been a president that was Catholic.
2. Stock Market in the 1920's(466-468)- buying and selling of shares in a company. This period of time was known as the Roaring Twenties.
Dow Jones is the top 30 publicly owned companies' stocks. If the Dow Jones is going up then it usually means that most stocks will be going up in value. Charles Dow created the Dow Jones. Some of the companies that make up the Dow Jones are Coca Cola, McDonald's, Verizon, Walt Disney, Walmart, AT&T, Microsoft, Johnson & Johnson.
3. Story of the stock market crash-not the causes(467-469)- The Roaring Twenties lead up to the Stock Market Crash. Stock prices ended up quadroupling. In March 1929, the was a day where the stock prices dropped pretty significantly. Charley Mitchell loaned people money for stocks and he saved the day. On Thursday October 24, Charley Mitchell and J.P. Morgan loaned people money with low interest rates and they believed they could pull the stock market out of the slump. The stocks were falling little by little up until Tuesday when the Stock Market crashed.
4. Banks and business' collapse(469)- In my assigned blog.
5. Effect stock market crash had on other countries(469-471)- The first country that was affected was England and they had already been having unemployment issues. They started using the gold standard which affected South Africa's economy. Germany took the Depression very hard because the U.S. could no longer lend them money.
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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