1. What were the causes of the stock market crash of 1929 and the Great Depression?
buying on credit would cause over speculation which drove the stock prices through the roof. pooling happened. also borrowing and not paying loans back to the bank.
Causes of the Great Depression: Stock Market crash, bank failures, reduction in purchasing, American Economic Policy with Europe, and Drought Conditions.
2. What impact did the stock market crash and Great Depression have on the lives of people in the United States?
many people lost their jobs and didn't have an income. many people starved because they didnt have the money for food. shoplifting became very common.
3. What did the United States government do to help alleviate the problems the Great Depression brought to our country?
New Deal: Main focus was on business and banks, started in 1932, based on the 3 R's Relief, Recovery, and Reform.
Legislation: Home Owner's Loan Corporation, Federal Emergency Relief Administration.
The Emergency Banking Act reopened the banks and shut down all banks for called a Banking holiday.
FSA and FCIC were also created.
WPA, SEC, SSA, CCC were created.
The FDIC and SEC were created during the 30s
The Tariffs were reduce for easy world trade.
TVA was government introduced and is still around today.
4. What long lasting impact did the Great Depression have on the US and world?
Started America on the Social Security System. Set up the Federal Deposit Insurance Corporation (FDIC) so that investors' money was guaranteed safe in banks that were members (most of which today are). Also, the Securities and Exchange Commission (SEC) which set guidelines for the stock market to prevent speculation like that that led to the Great Depression.
5. What were the causes of WWII?
Germany and it's economy were suffering really bad. they were in search of a new leader and Hitler promised to give them all jobs. he ended up being successful. he rose to power and took over Germany and was the main reason that started WWII.
6. What impact did the United States have on WWII?
we played a very important role in ending the war. we joined the war after japan had bombed Pearl Harbor. we made it essential to take down Hitler and the Axis powers.
7. What were the goals for the US during the Cold War?
Stop the spread of commumism.
8. What were some of the major events that took place during the Cold War?
space race, Kennedy assassination, The Korean War ,The Vietnam War. Cuban missile crisis.
9. Why did the US go to war in Korea and Vietnam and what were outcome of those wars?
To stop the spread of communism, Korea was made into Communist North, and Free South. Vietnam, we pulled out then North over took South and they became united as Vietnam and are still communist today.
10. How did the Cold War come to an end?
Gorbachev was open to change, He and Reagan met, Soviet economy was bad, soviets were in a war in Afghanistan.
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