American History Chapter 14 Guided Readings

Industry
profit went down; demand went down; coal industry went down

Agriculture
demand went down; price supports; Coolidge veto

Consumer Spending
people bought too many things on credit; prices went up; buying went down

Distribution of wealth
rich became richer; poor became poorer; no money to buy American goods; unequal distribution of wealth

Stock market
speculation; market crash; people lost everything

employment
no jobs; discrimination towards African Americans and Latinos have higher unemployment and lower pay

housing
lost home; homeless lived in shantytowns

farming
many became tenant farmers; some lost farms

race relations
resentment; black vs. white; lynching; non Americans were deported

family life
tension rose; stronger family ties

physical health
people gave up healthcare

emotional health
suicide rate increased; people became depressed

What was Hoover’s philosophy of government?
voluntary cooperation; government guided, not directed; no direct relief

What was Hoover’s initial reaction to the stock market crash of 1929?
Caution: urged key leaders to work together to provide solutions and to act in ways that would not make the economic situation worse.

What was the nation’s economic situation in 1930?
continued to get worse

How did voters in 1930 respond to this situation?
Republicans lost control of the House of Representatives and saw their majority in the Senate go down to one.

What did Hoover do about the economic situation?
Boulder Dam; Federal Farm Board; National Credit Corporation; Glass-Steagall Banking Act; Federal Home Loan Bank Act

How did the economy respond to his efforts?
continued to deteriorate

How did Hoover deal with the economic problem posed by the Bonus Army?
opposed immediate payment of bonuses to WW1 veterans; ordered an infantry operation to close their Capitol Hill shantytown

How did his efforts affect his own political situation?
damaged his public image; assured the victory of Franklin D. Roosevelt.

Emergency Banking Relief Act Purpose: authorized the Treasury Department to inspect and close banks. Goal: to restore public confidence in banks. Glass-Steagall Banking Act of 1933 Purpose: established FDIC Goal: to restore public confidence in banks WE WILL WRITE A …

Which group experienced an early depression in the 1920’s? Farmers During the 1920’s, the United States economy moved through which phase of the business cycle? Expansion WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR …

Which group experienced an early depression in the 1920’s? Farmers During the 1920’s, the United States economy moved through which phase of the business cycle? Expansion WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR …

How did the prosperity of the 1920’s give way to the Great Depression? In the 20’s consumption went up, the gross national product (GNP) went up and the stock market went up = “bull market” Stock prices made the rich, …

Which group experienced an early depression in the 1920s? farmers during the 1920s, the US economy moved through which phase of the business cycle expansion WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

Which group experienced an early depression in the 1920s? farmers during the 1920s, the US economy moved through which phase of the business cycle expansion/peak WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

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