Monday- Strikes
All the power was in the hands of the owners
They could fire you and blacklist you
Not a lot of people liked labor unions.
During war time we could not afford to go on strkes
Not a lot of strikes during WW1
Lots of strikes during the 1920's
Fighting for better living conditions and ETC
Each of the were compromised
Each side got something that they wanted.
Police force wanted strikes
Did not go well in cities.
Send in Milita to settle the city
The city hired new people with things that the previous police officers wanted.
More success by labor unions in the 1920's
It was tough to win as a labor unions.
Started winning in the 1950's.
Now, labor unions are not popular at all.
Causes of the Stock Market Crash
Stocks went down on thursday October 24th.
Crash happend on October 29th
Stock prices were very over priced
Companies wern't making much money in the the late 1920's
At this time the stocks were going up.
Started selling and no one would buy so stocks went down
Needed money to make money before 1920's
"Buying on Margin"
this was buying stocks on credit
This caused to people being in debt and over priced stocks.
Over production of goods
Companies were making too much and not making enough
Uneven distribution of wealth
Lower class people got involved in the Stock and only bowarred money.
Too much of borrowing from banks
Gave out too much money and never got their money back.
Lead to people being in Debt
Federal Reserve increased intrest rates
If banks ran out of money they would close and never open
If people didn't get their money out of the bank they would lose it all.
Made it too easy to borrow money.
in 1929 they realized the stock market was a joke so they rose intrest rates.
In a month the market crashed
Lack of government regulation.
Rich people played games which lead to over priced stocks.
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