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great depression

chapter 26 section 1

answerquestion
herbert hoover 1928 republican candidate for president
71% percentage of americans earning less than was needed to live decently
speculation buying and selling stocks quickly hoping to make a profit
buying on margin purchasing stock but only paying a small percentage of the price and borrowing the remainder
herbert hoover he became president in 1928 with the slogan "a chicken in every pot and a car in every garage."
septermber 3, 1929 day the stocks on the new york stock exchange hit the highest point
black tuesday (october 29 1929) largest stock market drop in history, 16.4 million shares were sold at a fraction of their cost
9,000 number of banks which had gone out of business by march 1933
25% unemployment rate in 1933
great depression from 1929 to WWII
european countries these countries had borrowed money from the US and were also affected by the depression
cut government spending, increased taxes, and didn't give Federal relief 3 actions taken by Hoover to fix the depression which only made it worse
Federal relief government assistance to the poor
rugged individualism Hoover's belief that people must work themselves out of the depression
Hooverflags empty pockets turned inside out
Hoovervilles huts and shacks made out of scraps
Public Works Projects government funded building projects which created jobs
Bonus Army WWI veterans who demanded early payments on their promised bonuses
General Douglas MacArthur general who drove the WWI veterans out of Washington DC
too late Hoover is known as having done "Too little, ___________"
Franklin Delano Roosevelt (FDR) person who won the 1932 presidential campaign
stock on the margin 1st cause of the great depression
tariffs 2nd cause of the great depression
overproduction 3rd cause of the great depression
credit 4th cause of the great depression
STOC way to remember the 4 causes
black tuesday what was the spark of the great depression
Created by: xogymnstarox
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