Mon- talked politics
tues took test
wed
Causes of the great depression
overproduction of goods
Under-consumption of goods by consumers
Agricultural slump in 1920 due to overproduction
high protective tariff policies of the 1920-everyone one put out high protective tariffs
world trade is cut
Taxes benefiting the rich-rich got richer poor got poorer
people saved money because they had less money to spend
Stock market crash
banks closing
Thursday-
- Companies lose $$ so they lay people off
- unemployment rate goes up and less people buy goods as income has dropped
- companies profits fall so they have lay more people off or close
- cycle repeats itself
Herbert hoover
Hoover was veiwed as uncaring and as a president who did very little to help with the great depression
this was not actually true
RFC-gave loans to banks state and local govt and business to create projects/jobs for people
gave states loan for emergency relief
hoover dam
in las vegas
included the dam the all american canel the town of boulder city,highways,railroads and various other wirks cost 165 million to build
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