The Crash of 1929

Question 1

1st view: crash happened because there were too many rich and to few poor, causing…

Answer 1

too many people who can’t buy/decide to take money from the rich and give it to
the poor

Question 2

2nd view: federal reserve’s fault - could manipulate, hoping that what would happen?

Answer 2

The hope that is would have slowed economic growth

Question 3

3rd view: natural - market got too high, because of…

Answer 3

Hoover & Federal government maked it worse, and Hoover raised taxes, and Federal government raised interest rates(less money to spend)/save money/need money to flow

Question 4

in 1931 what cause high unemployment

Answer 4

economy is devastation

Question 5

Because Hoover doesn’t do much to help (shows he doesn’t care), what happens to peoples opinions of him?

Answer 5

Very disliked

Question 6

One result of the economic deviation is that it cause many people to live in…

Answer 6

Shanty Towns or Hoovervilles

Question 7

what was someone looking for works constantly referred to as?

Answer 7

Hobo

Question 8

c/e CAUSE: Hoover focuses on helping businesses, resulting in what

Answer 8

c/e: EFFECT:
- the Smoot-Hawley Tariff Act - raises tariffs by over 50%
- Hoover tries to protect the businesses of the United States
- All the prices go up

Question 9

Hoover Dam

Answer 9

creates jobs for people

Question 10

c/e: CAUSE in 1932- bonus army sets up a camp in Washington DC to protest for not getting WW1 bonus, causing…

Answer 10

*National Guard is sent to remove them and burn down buildings of the veterans
* hoover is completely outvoted in the next election- everyone hates him
*FDR becomes president