Today is my first day back! I still have mono and have to do half days, but at least I’m out of bed for a little bit.Right now, Bruns is talking about how the last couple days my class has just been reviewing things about the website a lot, and showing my class new things. He just showed us how to access the US History E-Book Edition, which is on the US History homepage. Now we are reviewing a chart. Here is what I am getting from it.Chart-Causes:-Over speculation during the 1920s-Overproduction of goods-buying on margin-massive fraud and illegal activity-uneven distribution of wealth in the 1920s-too much borrowing from banks-banks gave out too much money, people in debt, could not pay back loans.-stock prices grossly inflated; did not have "real" valueThe Great CrashEffects:-Investors and businesses lose millions-thousands of banks fail, savings are wiped out-businesses cut production, lay off thousands or workers-unemployment rises, consumer base drops further-economic contractions in the United States spreads to Europe-The Great Depression sets inNow we are going to watch a video. We will not finish the video so we will continue with it tomorrow as well…The Crash of 1929-What is pooling?-What did the Federal Reserve board do in this whole situation as the stock market crashed?-What were the causes of the crash based on the video?
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