US History
... • Dow Jones Industrial Average- ____________________________________ based on 30 large firms trading on the NY exchange- ____________________________________ • 1920s, stock prices rise steadily; ppl rush to buy stocks, bonds • Many engage in speculation buy on chance of a quick profit • Buying on ma ...
... • Dow Jones Industrial Average- ____________________________________ based on 30 large firms trading on the NY exchange- ____________________________________ • 1920s, stock prices rise steadily; ppl rush to buy stocks, bonds • Many engage in speculation buy on chance of a quick profit • Buying on ma ...
Causes of the Great Depression
... Sep. 3 Dow high of 381 Sep. 6 “Babson break” - market became erratic Roger Babson, economist and “father of economic forecasting” September 5th, 1929: "Sooner or later a crash is coming, and it may be terrific". Later that day the stock market declined by about 3%. ...
... Sep. 3 Dow high of 381 Sep. 6 “Babson break” - market became erratic Roger Babson, economist and “father of economic forecasting” September 5th, 1929: "Sooner or later a crash is coming, and it may be terrific". Later that day the stock market declined by about 3%. ...
CHAPTER 26 FRANKLIN D. ROOSEVELT AND THE NEW DEAL
... –The Federal Reserve lowering interest rates for loans would stimulate the economy, but this easy credit led speculators to buy stock on-the-margin ...
... –The Federal Reserve lowering interest rates for loans would stimulate the economy, but this easy credit led speculators to buy stock on-the-margin ...
The Global Consequences of the 1920s Great Depression
... were no outlets for them. Factories failed drastically, unemployment figure rose tremendously. There was less money in the pockets of the unemployed Americans necessitating low purchase power as fewer goods were sold. Financial crises outstandingly developed. As individuals were drawing on their sav ...
... were no outlets for them. Factories failed drastically, unemployment figure rose tremendously. There was less money in the pockets of the unemployed Americans necessitating low purchase power as fewer goods were sold. Financial crises outstandingly developed. As individuals were drawing on their sav ...
The Great Depression
... supply even more thus making it even harder to limit the effects of the crash. If the Fed had cut interest rates and expanded the money supply, the Depression may not have been as intense or as long lasting. ...
... supply even more thus making it even harder to limit the effects of the crash. If the Fed had cut interest rates and expanded the money supply, the Depression may not have been as intense or as long lasting. ...
US History Standard 6.3
... loans, the Fed discouraged lending. After the crash, they tightened the money supply even more thus making it even harder to limit the effects of the crash. If the Fed had cut interest rates and expanded the money supply, the Depression may not have been as intense or as long lasting. ...
... loans, the Fed discouraged lending. After the crash, they tightened the money supply even more thus making it even harder to limit the effects of the crash. If the Fed had cut interest rates and expanded the money supply, the Depression may not have been as intense or as long lasting. ...
1929–2000: no comparison!
... high-powered money stock or bank notes in circulation. Although M2 (see Chart Va on page 3) fell steeply between 1929 and 1933, the level of currency in circulation (see Chart Vb on page 3) rose because the general public was so worried about banks possibly failing that they increasingly shifted the ...
... high-powered money stock or bank notes in circulation. Although M2 (see Chart Va on page 3) fell steeply between 1929 and 1933, the level of currency in circulation (see Chart Vb on page 3) rose because the general public was so worried about banks possibly failing that they increasingly shifted the ...
Chapter 27.2
... It created many public work programs which created many jobs Gave gov’t money for the welfare program Created new regulations to help protect the Stock Market and the ...
... It created many public work programs which created many jobs Gave gov’t money for the welfare program Created new regulations to help protect the Stock Market and the ...
The Great Depression
... and “small government”, was considered by some to have a “laissez-faire” viewpoint as the Great Depression took hold. Hoover feared that too much intervention or coercion by the government would destroy individuality and self-reliance, which he considered to be important American values. As the ...
... and “small government”, was considered by some to have a “laissez-faire” viewpoint as the Great Depression took hold. Hoover feared that too much intervention or coercion by the government would destroy individuality and self-reliance, which he considered to be important American values. As the ...
Chapter 23 - Weber State University
... 14. John Maynard Keynes attributed the “stickiness” of real wages in the early years of the Depression to a. the fall in the money supply. b. the tendency of people to cut wages slowly while looking for a job. c. the tendency of employers to ruthlessly replace long-time employees with the unemployed ...
... 14. John Maynard Keynes attributed the “stickiness” of real wages in the early years of the Depression to a. the fall in the money supply. b. the tendency of people to cut wages slowly while looking for a job. c. the tendency of employers to ruthlessly replace long-time employees with the unemployed ...
A great depression?
... And that’s all not. The purveyors of Great Depression myths—such as this year’s Nobel laureate in Economics Paul Krugman—assert that the fiscal stimulus which accompanied World War II rescued the economy from the Great Depression. In fact, the Great Depression was followed by a spontaneous recovery, ...
... And that’s all not. The purveyors of Great Depression myths—such as this year’s Nobel laureate in Economics Paul Krugman—assert that the fiscal stimulus which accompanied World War II rescued the economy from the Great Depression. In fact, the Great Depression was followed by a spontaneous recovery, ...
Great Depression/New Deal Study Guide
... Top 5 Causes of the Great Depression 1. Stock Market Crash of 1929 Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great Depression. Two months ...
... Top 5 Causes of the Great Depression 1. Stock Market Crash of 1929 Many believe erroneously that the stock market crash that occurred on Black Tuesday, October 29, 1929 is one and the same with the Great Depression. In fact, it was one of the major causes that led to the Great Depression. Two months ...
About the Great Depression
... The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world. Though the U.S. economy had gone into d ...
... The Great Depression was an economic slump in North America, Europe, and other industrialized areas of the world that began in 1929 and lasted until about 1939. It was the longest and most severe depression ever experienced by the industrialized Western world. Though the U.S. economy had gone into d ...
The Great Depression Objective:
... __________________________ –__________________stock prices (way too fast) plummeted to ____________________– ____________ stock prices business community with big profits investors tried to sell their stocks before prices fell any lower too many selling stock market collapsed! Dropped $30 billion ...
... __________________________ –__________________stock prices (way too fast) plummeted to ____________________– ____________ stock prices business community with big profits investors tried to sell their stocks before prices fell any lower too many selling stock market collapsed! Dropped $30 billion ...
Great Depression and New Deal Test Review
... 5. Franklin D. Roosevelt – Implemented the New Deal to help with the Great Depression. Gave fireside chats on the radio to communicate with the American public. 6. New Deal – Program that provided relief to the poor, recovery of the economy and reform of the financial system 7. The three R’s Relief, ...
... 5. Franklin D. Roosevelt – Implemented the New Deal to help with the Great Depression. Gave fireside chats on the radio to communicate with the American public. 6. New Deal – Program that provided relief to the poor, recovery of the economy and reform of the financial system 7. The three R’s Relief, ...
Great Depression
The Great Depression was a severe worldwide economic depression in the 1930s. The timing of the Great Depression varied across nations; however, in most countries it started in 1929 and lasted until the late 1930s. It was the longest, deepest, and most widespread depression of the 20th century.Worldwide GDP fell by 15% from 1929 to 1932. In the 21st century, the Great Depression is commonly used as an example of how far the world's economy can decline. The depression originated in the United States, after the fall in stock prices that began around September 4, 1929, and became worldwide news with the stock market crash of October 29, 1929 (known as Black Tuesday).The Great Depression had devastating effects in countries rich and poor. Personal income, tax revenue, profits and prices dropped, while international trade plunged by more than 50%. Unemployment in the U.S. rose to 25%, and in some countries rose as high as 33%.Cities all around the world were hit hard, especially those dependent on heavy industry. Construction was virtually halted in many countries. Farming communities and rural areas suffered as crop prices fell by approximately 60%. Facing plummeting demand with few alternate sources of jobs, areas dependent on primary sector industries such as mining and logging suffered the most.Some economies started to recover by the mid-1930s. In many countries, the negative effects of the Great Depression lasted until the beginning of World War II.