January 19th 2012

[5Ashley]

Today we did blog discussion again.

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)-Farmer's had to move into cities to find jobs since their farms were forclosed on. Extended families lived together and it was very crowded. "Hoovervilles" were formed because people were so poor. They were called this because they blamed president Hoover for all of it.
Breadlines- hand outs of food; president Hoover did not believe in breadlines because he believed that people were lazy. Only men stood in these breadlines. Reselling of things like apples for a few cents more expensive than they bought them for.

7. Depression in the rural areas(473)- Prices for crops were really low so farmers didn't make any money which caused banks to forclose on their farms and houses.

8. Dust Bowl(474)- In 1930s, mainly from 1935-1938, 100 million acres of crops were lost in the Great Plains area. The dust killed all of the livestock. People got pneumonia from all of the dust. Farmers were encouraged to rotate crops and plant trees.

9. Men in the Streets(475)- Throughout the 1930s, a lot of men abandoned their families because they lost everything and hitchhiked their way to cities to find odd jobs and were homeless. Some men became hoboes and hopped on train cars from city to city. There was also male prositution.

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)