presenting today
1 over speculation
2 over production of goods -low profits
3 buying on margin
4 uneven distribution of wealth
5 too much borrowing from banks due to low interest rates
6 stock prices over priced
7lack of government regulation
8 federal reserve high interest rates
my assigned blog is on The supreme court packing house law under FDR during the great depression
effects of the stock market during the great depression #2
1 Homelessness people couldn't pay morgage so the banks foreclosed on houses so the people built small shacks or small towns like hoovervlills
2 starvation and illness malnutrition poor couldnt go to doctor bills so they got sick which led into soup kitchens and homeless sheters
3 unemployment 1 in every 4 people or 25% were unemployed suicide rate went up alot because of this or cut hours in half was common
4 stock market world trade fell economic growth fell one cause of the GD Bank failure business failure
5 Bank failures people tried to withdraw ma=oney that wasnt there 40 % of banks collapsed 1922 people lost 140 billion dollars
#3 what did the Us gov to do fix the Great depression problems that were brought to our country
1. herbert hoover - create ag market act of 1929 Made RFC- gave 2billion to small governments and give loans to banks railroads and other businesses trickel down theory
2. unliked president people made settlements of shackes were named after him called Hoovervilles laissez faire- government keeps out of peoples lives
3. FDR - 32 president led country through GD and WW2 liked president kinda comunistic served 4 terms 16 years died at the start of the 4th term, Helped shape the government and stayed envolved in peoples lives and He started the new deal witch made it not able to go go into the GD again which made it so the government spent money in the economy so that it kept people working HE WAS PHYSICALLY HANDICAPPED
4. New Deal focused on helping usiness and banks, it started in 1933, THis program was started to help the GD, It was focused on the 3 R's Relieg, Recovery and Reform,.. High number of acts and administrations adressing the horrible effects of the GD
THursday we talked about consperisy theories that are just starting to talk about
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