Born in Westbranch iowa and he won the 1928 presidental election. One problem Hoover had was not having a lot of political experience. Al smith was against prohibition outwardly and that hurt him. Another reason is because hoover was democratic and there were 2 republicans before hoover and it was a good time so they wanted another republican. Al was hurt by religion, he was a catholic.
2. Stock Market in the 1920's(466-468)
The demand in stocks was up. dow jones is a bunch of the biggest stocks there are, so if the stocks are down with them, then they are an indicator on how the other stocks are doing.
3. Story of the stock market crash-not the causes(467-469)
Black thursday there was an 11% drop in stock market and then 30% drop on monday and then it crashed completely.
4. Banks and business' collapse(469)
The banks would invest people's money into stocks and the banks lost the money in the crash of the stock market and 11,000 banks around the country were forced to close down.
5. Effect stock market crash had on other countries(469-471)
Foreign trading was starting to be limited as the tarriff was put on
6. Depression in the cities(472-473
7. Depression in the rural areas(473)
People had to grow and eat their own food and a lot of farmers lost there farms. 400,000 farms were lost in it.3 years.
8. Dust Bowl(474)
9. Men in the Streets(475)
10. Women struggle to survive(475-476)
11. Children suffer hardships(476)
12. Social and psychological effects(477)
13. Hoover's background
14. Hoover's philosophy/Cautious steps(479)
trickle down theory- tax breaks for upper class/ big businesses, laissez faire- to let alone, and rugged individualism15. Boulder Dam(480)
built between 1931 an 1936 to build it and they lost over 100 men, 725 feet tall it allowed government to make money eventually. he was responsible.16. Democrats win 1930 Congressional elections(480)
People turn against hoover and the republicans and the democrats take advantage of that to get more votes and win the election. shanty towns were called hoovervilles and people hated him.17. Hoover takes action(481)
hoover told people to create new jobs for people with money, refinance things.18. Bonus Army(482-483)
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