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323: How did the rise of the stock
market affect American investors?
 There
was a sharp increase in investment,
even among Americans that had never
purchased stock before.
324: What were some of the
weaknesses of the economy in the
1920s?

The gap between rich and poor grew wider,
and credit expanded. Many people began to
buy stock on margin.
325: Briefly describe the events of
the stock market crash from
October 24 through October 29,
1929.

On October 24th investors began selling stocks at an
increasing rate, plunging the value of the stock market.
Bankers stepped in to buy stocks and stop the
devaluation of the market. But by October 29th,the
market experienced such a flurry of selling that it
plunged even harder.
332: In what ways did the Great
Depression affect many
Americans?

People lost their jobs and became poor. Many
Americans lost their homes. Many people
begged, or rode the trains looking for work.
333: How did the Dust Bowl affect
Americans?

Many farmers lost their livelihoods and fled to
California, looking for work.
336: Briefly describe the two key
features of President Hoover’s main
beliefs about government.

Hoover believed in “rugged individualism” and
the associative state. The former notes that
people should continue to rely on themselves for
prosperity, and the latter notes that businesses
should form voluntary partnerships for economic
benefit.