Posted by 5whitneyyy on January 18, 2010 at 11:47am
Today in U.S. History we went over the questions about the movie we watched the other day. The Federal Reserve Board wanted to get things under control and people quit buying things. The fear of things going bad causes issues. Lack of government regulation also caused The Great Depression. Pooling is when a group of workers buy a huge amount of stock which causes them to bump up the stock and then sell it. October 29th, 1929 is when the major crash hit. Farmers were the one group of people who did not do well at all. We put high tariff on other countries. Hoover wanted higher tariffs because it forces Americans to buy American goods. The cycle that went downward will start going upwards. When we put tariffs on other countries it would put higher tariffs on our goods. Which hurt us and led to the great depression.
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