Week of February 13-15

Monday- Watch WWII video

Tuesday- Watch WWII video

Wednesday-

Causes of Stock Market Crash
1. Stock prices were grossly inflated, did not have real value
2. Over speculation during the 20's
  1. led to watered stock
3. Buying on margin
4. Overproduction o goods
5. Uneven distribution of wealth
6. Too much borrowing from banks
7. Federal Reserve increased interest rates
8. Lack of government regulation
Effects of the Stock Market Crash
1. Investors and businesses lose millions
2. Thousands of banks fail- savings are wiped out
3. Unemployment rises- people quit spending money
4. Depression spreads to Europe and other parts of the world
Causes of the Great Depression
1. Overproduction of goods
2. Under consumption of goods by consumers
3. Agricultural slump in 20's due to overproduction
4. High protective tariff policies of the 20's
5. Taxes benefiting the rich- rich go richer, poor go t poorer
6. Stock market crash
7. Banks closing
Effects of the Great Depression
1. New Deal programs start- make US gov't much larger
2. Deficit spending starts
3. The New Deal created many organizations that are still around today- social security, welfare
4. Fascist, military, and communist dictators came to power throughout the world
Hoover's fight against the great depression
1. Encouraged people to be patient, stay positive and volunteer to help each other
2. Federal Farm board
  1. stabilize prices and to promote the sale of agricultural products
3. Norris-La Guardia Act
  1. strengthened labor unions
4. Hoover Moratorium
  1. One year halt on German war payments to France
  2. one year halt on war payments from Great Britain and France to the US
5. Mexican Repatriation
  1. Mexican immigrants were encouraged/forced to go back to Mexico
6. Revenue act of 1932
  1. Increased taxes to US gov't had money
7. Hawley-Smoot Tariff
  1. Raised tariffs to record levels

Blogs

Week of February 13-15

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