Monday- Forum post leaders went over topics. Test tomorrow.
Tuesday- We took the test
Wednesday- We watched videos over the Great Depression and took notes
Causes of stock market crash
- Stock prices were grossly inflated, did not have real value-watered stock prices
- Over speculation during the 1920s- led to watered stock
- Buying on margin- led to people being in debt and watered stock prices
Overproduction of goods- Uneven distribution of wealth
Too much borrowing from banks
Federal Reserve increased interest rates
Lack of government regulation
1.-Causes of the Great Depression-
Overproduction of goods
Under-consumption of good by consumers
Ag slump in 1920's due to overproduction
High productive tariff policies of the 1920's
taxes benefiting the rich-rich got richer, poor got poorer
Stock market crash
Banks closing
2.-Impact the Great Depression had on people and our country-
Companies lose money so they lay people off
Unemployment rate went up and less people buy goods as income has dropped
Companies profits fall so thy have to lay more people off or close
Cycle repeats itself
Soup kitchens
Kids would drop out- leave parents because they felt worthless and they would hop on trains and go town to town and find jobs- very dangerous because of kidnapping and other dangers.
People would move to the west like California for more job oppurtunities
3.-President Hoover’s attempt(or lack thereof) to help solve Great Depression-
4.-1932/1936 Presidential elections-
5.-Bonus Army-
6.-Entertainment, sports, music, radio, movies and fads-
7.-Franklin Roosevelt’s background and accomplishments-Focus on New Deal-
8.-The Three R’s-
9.-The difference between the First New Deal and Second New Deal-
10.-Fireside chats-
11.-The Hundred Days-
12.-Deficit spending and “priming the pump”-
13.-FDR vs the US Supreme Court-Court Packing issue-
14.-Critics and failings of the New Deal-Long, Caughlin, Townshend-
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