Posted by 3Schechinger on January 13, 2010 at 10:00am
We took a quick quiz as soon as we walked in the class. It was 5 questions worth 10 points. Now we are talking about the stock market and when it crashed. Hoover was president during this time. We looked at a lot of graphs showing the drops in the markets.EmploymentIncome ProductionConsumptionGeorge Bush gave tax breaks so people could buy more stuff to help the economy. President Obama tried helping the economy with the stimulus package which gave banks money. During the depression they came up with the new deal.Causes of the Great Depression-• People quit buying things by late 20’s• Stock markets dropped out• Middle class wiped out• Federal reserve raised interest rates• Companies weren’t making money• Stocks were over priced• Banks closed
Comments