The Global Depression Flashcards
The cost of WW1 will be felt immediately following the Versailles Treaty
-French countryside devastated
-British merchant fleet nearly destroyed
-German reparations were $33 Billion
Who will help in this economic crisis?
-The United States
As the United States funds rebuilding efforts European countries are repaying loans in gold
inflation-currency with little or no value.
While the American economy and currency soared,___
Europe was plunged into economic crisis.
In the United States, Americans had wealth that they’d never had before
-Credit System
-Stock Market
-“Betting on the Margin”
Credit system
Purchasing items through installed payments
Stock Market
ability to buy shares of a company
Betting on the margin
buying stock on credit, and paying back the dividend with earnings.
On October 24, 1929-“______” word began to circulate that the federal reserve was issuing a warning about excessive speculation
Black Thursday
Black Tuesday” October 29,1929
-Stock Market Crash
The Crash will cause a domino effect throughout the American economy and eventually ___
The world
As Americans invested dried up, the U.S. government tried desperately to reboot the economy
-Hawley-Smoot Tariff.
who won the election of 1932
Franklin d. Roosevelt
What was the result of the election?
The New Deal
What did the new deal consist of?
-Social security
-Welfare
-FDIC-Federal Deposit Insurance Company-
-Work progress administration-
-Tennessee valley Authority-
-Agricultural adjustment a
administration-
