American Society in the Depression.

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The Wall Street Crash
1928 Hoover stressed how prosperous America was. Hoover won the election. Investment in the stock market. Speculators borrowed from banks. 1929 Stock market crash. Shares went down investors panicked. Speculators couldn't repay borrowed money. Wall
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Farmers suffered badly
Demand went down. Exports 10bn (1929) to 3bn (1932). Cost more to take the animals to market than what you could sell them for. Bankruptcy. Dust bowl, over farming. 2.5 migrated to west cost: very little there either.
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Hoover's weak response to the depression
Hoover: Helping yourself. Tax cuts and encouragement of high wages. Taxes on overseas goods: just reduced international trade. 'Do nothing' president. Bonus Marchers.
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Key Statistics
1929 - Stock Market Crash. Exports- 10bn to 3bn. 2.5 Farmers migrated. 20800 76 speeches.
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Key titles
The Wallstreet Carsh
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Other cards in this set

Card 2

Front

Demand went down. Exports 10bn (1929) to 3bn (1932). Cost more to take the animals to market than what you could sell them for. Bankruptcy. Dust bowl, over farming. 2.5 migrated to west cost: very little there either.

Back

Farmers suffered badly

Card 3

Front

Hoover: Helping yourself. Tax cuts and encouragement of high wages. Taxes on overseas goods: just reduced international trade. 'Do nothing' president. Bonus Marchers.

Back

Preview of the back of card 3

Card 4

Front

1929 - Stock Market Crash. Exports- 10bn to 3bn. 2.5 Farmers migrated. 20800 76 speeches.

Back

Preview of the back of card 4

Card 5

Front

The Wallstreet Carsh

Back

Preview of the back of card 5

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