Chapter 25 Reading Notes.pdf - Chapter 25 The Great Depression Reading Notes 25.1 The Stock Market Crash of 1929 The Early Days of Hoover’s Presidency

Chapter 25 Reading Notes.pdf - Chapter 25 The Great...

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Chapter 25 - The Great Depression Reading Notes 25.1 The Stock Market Crash of 1929 The Early Days of Hoover’s Presidency Prosperity continues on (hopefully) Normalcy Federal regulations, pushed the idea that individuals hold the power of success or failure Humanitarianism/ reformist The Great Crash Stock Market crashes, 10% lose investments, ⅓ lose their savings - Federal Reserve - Ponzi Schemes - Speculation Black Thursday - Tuesday Poor distribution of income In the Aftermath of the Crash Bank Runs Automotive and Construction production halted The New Reality for Americans Distrust in banks Drop in wages, lay offs, and evictions Childhood became sobering, homelessness rampant Rural life was even harder, food production Community groups Summary: The decade leading up to the great depression was prosperous because of encouraged risk taking economically, which lead to the ultimate crash of the stock market. As it fell, most Americans lost investments, and savings. Banks went bankrupt and went back on loans - further giving citizens a disadvantage. As individuals lost more money, so did the government
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  • Spring '19
  • Cornell style notes

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