Boonus Army- group of vets from wwI, 1945 were garenteed bonus, average 500 per vet, needed money for depression, went to washington to see if they could get money earlier, bill was not passed so the vets stayed there, police and military sent to move them, hoover seen as a bad person
causes of stock market crash- over inflated stock prices because of overspeculation (buying and selling quickly to make a profit) and buying on margin; buying on margin/credit, people buy stuff they cant afford and dont have the money for; lead people to corruption, lots of fraud, govt didnt regulate stock market, pooling rich people buy cheap stocks so common people buy them then rich sell and make millions and common generally lose money; people werent spending money, underconsumption and overproduction, profits falling; faliure of federal reserve system, banks borrowed money from federal reserve, failed in depression, raised interest rates because people were in debt so they wouldnt spend
causes of great depression- stock market crash, people lost money, banks closed, businsses closed, farms closed, no jobs; bank failures, people lost all there money; high tariffs, countries arent buying our goods, businesses make less money; drought
project time.. powerpoint, due wednesday probably, Rural Electification Administration(REA), FDR vs supreme court- court packing issue
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