Today to start the class Mr.Bruns had us do a WTL. The WTL was about the video we watched yesterday and we had to write five facts on what made the twenties fun exciting and interesting. After that we went over a graph about the stock market crash. We also looked at a chart about the great depression. The chart of the great depression also had a chart of unemploymency and what it looked like all the way to the reccesion, depression, to the recovery stage.Next after looking over the charts Mr.B showed us the NEW DEAL circle( comsumption-production-employment-income)Causes of the Stock Market Crash-Companies we mass producing and people werent buying. They werent buying because the people were in debit from doing on credit.This lead to the people going into a panic and rushing to the bank and withdrawling all of their money from the bank. When all of the people did this, it left the bank with no money and the bank was forced to closed.After many of the banks closing down we set up the federal resevre bank or the bankers bank. The federal reserve bank is a bank that backs up banks in the state that when a bank needs money they can go to the FRB and get what they need, also the FRB can take money out of a bank when there is to much.-
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