History Soars at Pheonix  

Depression Lecture Guide

 

 

Signs the Economy was in trouble:

Post WWI Economics…

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Other Causes of Depression

• Increasing ______________________ in large industries (                                      )

 

• ________________ distribution of ______________

 

• Weak _____________________________

 

• Weak _________________________ economy (                                                      )

 

• Lack of government ____________________ on various __________________

 

 

 

Stock Market Crash:

• Investing in stocks became popular in the 1920s (stock =

 

 

• Many people could not afford to pay cash, so “Bought on __________” -

 

 

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• “Black Tuesday” =

 

 

Effects of Crash:

• An estimated $30 billion were lost on the stock market by November

 

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• Leads to widespread _____________ failures

 

 

Bank Failures:

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• From 1929 - 1932

 

 

Farmers:

• Farmers were overproducing causing prices to drop

 

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Unemployment:

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• People were standing in bread lines for food.

 

 

Herbert Hoover:

• Republican President from 1928 - 1932

 

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• He created “Reconstruction Finance Corporation (RFC) -

 

 

• Hoovervilles -

 

 

• Defeated in the __________ election due to his failure to