America was founded on anti-Catholithism.
People were afraid the pope would come across the ocean through an underground tunnel and rule America however he pleased if a Catholic became president.
#4 Banks Failures.
about 9,000 banks failed. because banks only carry a certain percent of the money they had. when the stocks crashed, people were afraid they would lose their money, so they took it out of banks, so the banks didnt have any money to give when people came to borrow. Also, they loaned lots of money to people who bought on the margin, and those people lost all their money so they couldnt pay them back, so the banks went bankrupt.
Tarriff.--hollysmoot tarriff.---through most of our history, we had a high-protective tarriff. meaning, we tried to get people to buy things from their own country. lowered tarriffs with woodrow wilson, did good. rose them again in late 1920s. hoover, in 1930, wanted to get us out of the beginning great depression, so he raised it again. it backfired.
so....america has now mastered the art of deficit spending....spending money when you have none. in order to make money, of course, but it takes a while.
#5 how the rest of the world was affected by our great depression.
european countries were also struggling financialy after WW1. when we went into the great depression, it made things worse for the rest of the world, because we stopped selling a lot of stuff to them, and they stopped donig as much with us too. so trade was brought down quite a ways. especially germany.
in tough times, radicals stand out. which is how hitler came to power....nazi, etc, parties come to power gradually.
in japan, militarians came to power and invaded china because they really had nothing better to do.
#6 homeless people
homless people made fun of hoover's mistakes by naming things after hoover.
hoover pig = rabbit, hoover blankets = newspapers, hoovervilles (also called shantytowns) = homless communities, hoover flags = putting your pockets inside out as a way of begging or saying "im poor, i have nothing"
people couldnt sell things on the streets like they wanted, because they considered it a pubic nuisance.
breadlines- mostly men waited in the lines, because they had to bring food home- probably felt embarrassed because they lost their jobs and could not support their families-
hoover didnt think its was the government's job to supply food to people. but he encouraged churches to help people.
soup kitchens...
high school drop-outs would hop on a train car as it was moving and ride it to a city to look for jobs.
#7 Depression in the Rural Areas
famers made too much stuff (overproducing) so the government told them to get rid of their extra stuff. stupid, really, since people in the cities were starving....governemnt didnt believe in buying the famrer's extra stuff and giving it to the starving citizens. so they famers didnt make money, and hungry poor people didnt get fed. then the dust bowl came...uh-oh.
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