1. The document contains questions about life during the Great Depression including how people escaped realities, the effect of the Hawley-Smoot tariff on exports, why Hoover was elected president, and factors leading to the Depression.
2. It asks about the practice of "buying on margin" causing the stock market crash, how hobos often traveled by hopping trains, Hoover opposing direct relief for needy families, and many buying stocks with borrowed money.
3. Additional questions cover famous characters from entertainment during the Depression, what "Hoover blankets" and "Hoover flags" were, where people who lost homes sometimes lived, what "Black Tuesday" was, how the stock market crash affected banks,
UNIT 5-GREAT DEPRESSION OF 1929 AND THE NEW DEALSanskritiRazdan
The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5,000 banks had gone out of business.
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Causes of the Wall Street Crash Essay
Causes of the Wall Street Crash
On 24 October 1929, some shareholders began to lose confidence and believing that the prices of shares could not continue to rise forever, decided to sell. A panic began, and so many shares were sold on that day that it became known as Black Thursday. The Wall Street Crash was under way. By Tuesday 29 October so many shares were being sold that the teleprinters could not keep up, share prices continued to fall, and people lost vast sums of money and were ruined.
Causes of the Wall Street Crash
The reasons that led to the Wall Street Crash can be put into two main categories:
* Those to do with the overproduction of...show more content...* Too many people thought that share prices could only go up, which encouraged them to invest more than they could afford in the stock market.
* Banks did not have enough money in reserve to help businesses that were in trouble. This was because they had lent too much money but now the banks were facing difficulties because people could not afford to repay their loans.
Exam tip
Try to group reasons together and, where possible, show how one event led to another. If you can show this technique in your exam it will get you higher marks.
Outcomes of the Crash
The Wall Street Crash brought the Roaring Twenties to an end and led to a Depression in America. What effect did this have on American society?
Here are some examples of how times changed after the Wall Street Crash.
1. President Hoover and the belief in prosperity
2. The growth of shanty towns
3. Food shortages
4. Farming
5. Fr
UNIT 5-GREAT DEPRESSION OF 1929 AND THE NEW DEALSanskritiRazdan
The Great Depression was the worst economic downturn in US history. It began in 1929 and did not abate until the end of the 1930s. The stock market crash of October 1929 signaled the beginning of the Great Depression. By 1933, unemployment was at 25 percent and more than 5,000 banks had gone out of business.
Paper Writing Service - HelpWriting.net 👈
✅ Quality
You get an original and high-quality paper based on extensive research. The completed work will be correctly formatted, referenced and tailored to your level of study.
✅ Confidentiality
We value your privacy. We do not disclose your personal information to any third party without your consent. Your payment data is also safely handled as you process the payment through a secured and verified payment processor.
✅ Originality
Every single order we deliver is written from scratch according to your instructions. We have zero tolerance for plagiarism, so all completed papers are unique and checked for plagiarism using a leading plagiarism detector.
✅ On-time delivery
We strive to deliver quality custom written papers before the deadline. That's why you don't have to worry about missing the deadline for submitting your assignment.
✅ Free revisions
You can ask to revise your paper as many times as you need until you're completely satisfied with the result. Provide notes about what needs to be changed, and we'll change it right away.
✅ 24/7 Support
From answering simple questions to solving any possible issues, we're always here to help you in chat and on the phone. We've got you covered at any time, day or night.
Causes of the Wall Street Crash Essay
Causes of the Wall Street Crash
On 24 October 1929, some shareholders began to lose confidence and believing that the prices of shares could not continue to rise forever, decided to sell. A panic began, and so many shares were sold on that day that it became known as Black Thursday. The Wall Street Crash was under way. By Tuesday 29 October so many shares were being sold that the teleprinters could not keep up, share prices continued to fall, and people lost vast sums of money and were ruined.
Causes of the Wall Street Crash
The reasons that led to the Wall Street Crash can be put into two main categories:
* Those to do with the overproduction of...show more content...* Too many people thought that share prices could only go up, which encouraged them to invest more than they could afford in the stock market.
* Banks did not have enough money in reserve to help businesses that were in trouble. This was because they had lent too much money but now the banks were facing difficulties because people could not afford to repay their loans.
Exam tip
Try to group reasons together and, where possible, show how one event led to another. If you can show this technique in your exam it will get you higher marks.
Outcomes of the Crash
The Wall Street Crash brought the Roaring Twenties to an end and led to a Depression in America. What effect did this have on American society?
Here are some examples of how times changed after the Wall Street Crash.
1. President Hoover and the belief in prosperity
2. The growth of shanty towns
3. Food shortages
4. Farming
5. Fr
1. Name_________________________________________________ September 21, 2012
The Great Depression
1. How did people try to escape the realities of life during the Great Depression?
2. What effect did the Hawley-Smoot tariff have on U.S. exports (goods that we shipped overseas)?
3. Why was Herbert Hoover elected to the presidency?
4. What factors lead to the Great Depression?
5. How did the practice of “buying on margin” cause the stock market to crash?
6. A______________________________________most often traveled by hopping a railroad car.
A. photographer
B. journalist
C. novelist
D. hobo
7. President Hoover opposed___________________________, or giving money directly to needy
families.
A. foreclosure
B. relief
C. public works
D. unionization
8. One of the major problems with the stock market in the late 1920s was the number of people who
bought stocks
A. on margin, with borrowed money
B. in companies they supported
2. C. only after carefully studying a company’s history
D. without knowing their stockbroker’s reputation
9. List three characters that were made famous during the Great Depression (entertainment).
10. What were “Hoover blankets”?
11. What was a “Hoover flag”?
12. The people that lost their homes in the Great Depression sometimes lived
A. in shantytowns
B. in roadside motels
C. on the lawn of the U. S. capital
D. in public libraries opened to them
13. What was Black Tuesday?
14. How did the stock market crash collapse affect banks?
15. What percentage of people were unemployed during the Great Depression (I want an actual
number)?
Bonus
1. What percentage of people are currently unemployed?
2. According to the news, there is “evidence” that an important figure that has been left out of the
Bible. Who is that person (you don’t have to know their name, but you do have to know their
relationship to main characters)?