More blog discussion and Mr.bruns is going to assign our project for this week or assigned blog.
Notes:
~Hoover takes action
He Set up the farm board to help people who were members could purchase crops but couldnt sell until the crop prices raised.
The National Credit Corporation gave money to banks to keep them from closing.
Federal Home loan bank act-designed to lower payments on farms and homes so people could keep them.
Reconstruction finance corporation-allowed congress to give emergency money to state and local governments, this is an example of the Trickle-Down Theory.
~Bonus expeditionary Force:
WWI vets marched to Washington DC.
Bill was being proposed in congress to give money to WWI vets for their service.
Set up tents, Hoover gave them food and water.
The Bill didnt pass.
Many were upset, some stayed to protest, others stayed home.
Military used tear gas ect.. and forced them out.
Showed that hoover didnt care about people.
~Causes of The Stock Market Crash
Stock prices were overpriced.
This happened because of speculation, Over speculation was a problem.
Buying on a Margin-gave alot of people the opportunity to but stocks
Stock became worth more then the company.
Alot of fraud and illegal activities were going on.
~Causes of the Great Depression
Stock Market Crash
Farms, home, businesses, ect close down
alot of people were homeless and jobless
Drought and dry conditions, Dust Bowl.
******PROJECT!!!:: Tennesse Valley Authority(TVA)
Critics and Failings in the New Deal-Focus on Hewie Long.
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