BR: Why might Americans have innvested their money in stock instead of putting it into savings? The people enojoyed what seem the endless era of prospersity and putting the money in stocks cause of the confidence they had.
Great Depression Part 1 Review
Directions: Under each complete the phrase, answer the question, fill in the blank, or define the definition.
How did Herbert Hoover win the election of 1828? When he helped during WWI with the economy, and with that he won the Elections for president.
What things were going on in the 20’s that lead to the Great Depression? People were putting their savings into the Stock market and also farmers had to increase production during WWI to meet the demand which meant buying new land.
What was Black Tuesday? How did it happen? On Oct. 29, 1929, the Stock Market crashed completely and a lot of Americans lost billions of dollars with many who bought on margin.
What effects did Black Tuesday have on the US? Black Tuesday started a chain of reactions that led to the collapse of US economy. The crisis began make people become scared for the security of their money in the banks.
How did the Depression spread globally? With the reparation payments, War Debt Payments, and imbalance of trade had created shaky economic structure. The international economy had been funded largely by US loans so with the collapse of banks in US loans were curtailed leading to business to crash and unemployment in Europe.
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Post shows a depth of understanding of the topic. Answers to questions are complete and in depth. 5/5
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