Analyze The Causes Of The Great Depression During The 1920's

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Unit 6 terms & names pt.1 &2 Pr.5 Part 1 • Over production – Making too many products without enough consumers, one of the five causes of the great depression during the 1920’s. • Foreclosure – towards the end of WW1 due to the over production of food many farmers land was foreclosed (the process of taking possession of a mortgaged property) • Buying on credit – as a result of economic problems many Americans used credit to live beyond their means. (buying now and paying later) • Buying on margin – Borrowing money to pay for stocks • Black Tuesday – A day in 1929 when the stock market crashed (lost value) • Great depression – A global economic depression that spread throughout Europe, Asia, and Latin America. • Bank Failures…show more content…
They were named after Herbert Hoover • Franklin D. Roosevelt – Elected as president in 1932 after Herbert Hoover. 32nd President of the United States. He served for 12 years and four terms, and was the only president ever to serve more than eight years. • 3 Parts of The New Deal – The New Deal introduced acts that became part of the law and numerous agencies that worked with the Federal government in ensuring that the acts were enacted. • 100 days - In Roosevelt's first Hundred Days many acts were introduced which were to form the basis of the New Deal. The New Deal was to cover as many issues as could be imagined - be they social, economic, financial etc. • CCC – a work program created for 3 million young men ages 18-25 • SEC – created to regulate the stock market and prevent another stock market crash • FDIC - created in 1933 to maintain public confidence and encourage stability in the financial system through the promotion of sound banking
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