so....its only tuesday. ugh.
no school next monday. professional developement.
yay, fun facts......
RECAP. great depression brought about lots of suicides and homeless people, but it did bring people closer together- neighbors helping neighbors, and whatnot.- government did not help people very much.
stock market crash- people at frist predicted it would continue to thrive. then others predicted that it would crash, and people got worried about it and then it crashed. people had a lot of confidence, but then they lost faith. "the only thing to fear is fear itself"
thrusday the 24th, stocks fell. this was the precurser to black tuesday.
underlying causes of the crash- in the late 20s, people were not buying things, because 1) they already had everything they really needed 2) they had to pay back their debts 3) businesses and farms were over-producing.
overspeculation led to demand for stocks, which raised the prices. buying on the margin let commoners enter the market, which also rose the prices and demand. but the companies were not doing so well. so, the stocks were doing much better than the companies.
no rules governed the stock market in the 20s. no regulation led to issues.
fraud was everywhere- "pooling" - millionaires buying cheap stocks, causing the prices to raise. then they pay off a newspaper/media person to write a nice story about the company, which makes other people really want it, so the prices rise. then the rich people sell their stocks when the prices are way up, and get a great profit off of it. eventually, someone realizes the stock is inaccurate to the welfare of the company, and suddenly no one wants the stock for it anymore, and prices pitfall and crash. happened a lot. people were aware, but...run by faith.
viscious cycle.
uneven distribution of wealth in the 20s- 1% of the population had 40% of america's wealth.
high tarriffs. didnt bother us in 20s, but did lots of damage in the 30s.
which about wraps it up.
assigning projects now.
also the assigned blog. it is: the info you are putting into your powerpoint must be organized into the blog. the Research Blog.
i have the---Federal Securities Act---FSA. fun, right?
and also, since we get to do two---Indian Reorganization Act---native americans.
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