Today we went over Banks and Business collapse.
Hoover did some things to help the economy but it was too late to start helping.
Bonus Expeditionary Force:
-Our troops from World War One
--Gurannteed $500 for fighting in WWI
---Asked congress if they could get it earlier
----Thousands marched in D.C.
-----Bill didn't pass
------U.S. military brought in to get rid of them with tear gas
-------Americans appreciated the WWI veterans
Economic Indicators:
-Inflation/Deflation
-Unemployment Rate
-Dow Jones
-Housing Starts
Causes of Stock Market Crash:
-Stocks were overpriced
--People borrowed money and bought stocks
---Raised interest rates
----People went into debt
-----People stopped buying things
------Massive Fraud
-------No rules regulating stock market
Causes of the Great Depression:
-Stock market crash
--Unemployment
---High tariffs
----People not buying goods
-----People in debt
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