Great Depression Part 1 Review
Directions: Under each complete the phrase, answer the question, fill in the blank, or define the definition.
How did Herbert Hoover win the election of 1928? Because of his past WWI accomplishments and with optimism over the economy
What things were going on in the 20’s that lead to the Great Depression? Farmers had increased productions during WWI to meet demand which meant buying new land and equipment which resulted in farmers bringing major debt into the 20’s
What was Black Tuesday? How did it happen? Much of the stock was just based on confidence with people pouring money they did not have into stock speculations; by Sept. 3, 1929 the stock market began to stutter by Oct. people began to lose confidence and on Oct. 29 the market crashed completely; this is known as Black Tuesday, Americans lost billions of dollars with many who bought on margin losing everything they had
What effects did Black Tuesday have on the US? It started a chain reaction leading to the collapse of U.S. economy
How did the Depression spread globally? International economy had been funded largely by U.S. loans so with collapse of bank in U.S. loans were curtailed leading to business collapse and unemployment in Europe.
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Post shows a depth of understanding of the topic. Answers to questions are complete and in depth. 5/5
ReplyDeleteStudent used their class time wisely to post as many of their assignments as possible. Assignment shows the necessary Bell Ringer, Exit Ticket, Completed Review, and Long Term Progress 5/5