Impact of crash
Lost faith in stock market
Sudden collapse
Buying on margin
Banks closing
Unemployment cause
Wages
Causes of the Great Depression –
Spiral era
Crash of the stock market
Banks closed
Deflation
Decrease in trade
Smoot-Hawley tariff act
Dust bowl
Global pulling
1/16/2014
Impact the Great Depression and the Stock Market Crash had on the US
Crime rate increased
Mass migrations
Higher education was mainly out of reach
Divorce rates dropped
Cities all around the world were affected
Made government stronger
Unemployment rate rose to 25%
Deficit spending
Herbert Hoover-Born in West branch, Iowa, Became a mining engineer at Stanford University, Laissez fairre, rugged individualism, trickle down theory, Passed the Hawley Smoot tariff
RFC (reconstruction finance corporation)
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