test questions: what were the causes of the SMC and the GD- overspeculation, buying on margin, uneven distribution of wealth, too much borrowing, stock prices inflated, fed. reserve increased interest rates, lack of gov't regulation, agricultural slump due to overproduction of goods, high protective tariffs cut world trade, taxes favored the rich, rich get richer poor stay poor
What impact did they have on the lives of people in the us- banks fail, people lost money and their homes, businesses that didn't go under cut wages and/or hours, unemployment rises, Fascist, military and communist dictators come to power throughout the world
what did the gov't do to help alleviate the problems the GD brought to our country-new deal, gov't became much larger, deficit spending,
what long lasting impact did the GD have on the US and the world
vicious cycle-companies lose $ so they lay off people, unemployment goes up and less people buy companies profits fall and cycle repeats
sports were huge in the GD and radio took people's minds off of their lives
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