Week 3 Flashcards
Why was communism especially feared
Americans were concerned that a Communist revolution like the one in Russia in 1917 could happen in America
What were anarchists
People that believed the country should be ruled by themselves through voluntary cooperation and not a government
Who were Sacco and Vanzetti and why are they important
They were Italian immigrants and anarchists who were charged with robbing a shoe factory murdering two staff
When was the Sacco and Vanzetti robbery
April 1921
Why were they argue that they were innocent
They didn’t understand what was going on because they spoke such poor English And believe they were being persecuted because of their beliefs
What was the outcome of the Sacco and Vanzetti case and when did it end
They were found guilty and sentenced to death by the electric chair on the 23. August 1927
When did the banks go bust
1929 659 banks went bust
When was the Wall Street crash
1929
Why did the Wall Street crash happen
Not all Americans could afford goods at the factories produce and their factories were making good is faster than they could sell them create an overproduction and profits were beginning to fall
Why are companies struggling to sell their goods abroad
Foreign governments have put taxes or tariffs on US made that
Why did many Americans borrow money from banks to buy shares
To pay back the loans when their shares rose in price when their share prices fell investors could sell their shares for enough money to be able to pay back their bank in full
By the 1930s what did most Americans describe the effects of the Wall Street crash as
The great depression
How many people have lost their jobs by 1932
13 million
How many companies had closed
20,000
What was he this response to the great depression
He believed in rugged individualism meaning people can overcome problems with hard work not government health like he did
