We started out today with a little write to learn thing, i was gone yesterday but i still remembered some stuff from last semester so i could still do it with out watching the movies.employment-> income-> consumption-> production->(repeat) Comsumption- people get things then don't need it again. Production- companies make less stuff Employment- people get layed off at companies Income- the companies make less, and it continutes, it can also be a positive thing having everything opposite than what i said. It was called 'New Deal'.Stock Market Crash-1.) People quit buying things2.) Nobody felt a need to buy everything once they had it since they got it when it was cheap.3.) Buying on credit- people bought everything then got into debt and couldn't risk buying more.4.) Federal Reserve System- early teens of the 1900's made it so that when there was 'panics' a bank wouldn't have to shut down because they didn't have money to give to they people that banked with them. Towards the Great Depression the FRS started raising interest rates, people didn't buy as much, and people thought that the FRS was loosing faith in the economy. Once people thought that then it was another cause to the Stock Market Crash.5.) They didn't look at how many people weren't buying homes even though that's a big tip for the economy. They mainly looked at stocks.6.) The rich got more rich and the poor/ common person got more poor. The common person bought on credit so they couldn't get it paid off.7.) Stocks over priced- People got scared and so they'd sell their stock.-Breann Lehr
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