Relier Pairs Great Depression MatchingVersion en ligne Match the cause and effects of the Great Depression par Hannah Howard 1 Laissez faire economy means government is hands off 2 Banks have no regulation, make unwise investments with customers' money 3 Speculation in the stock market & buying on the margin 4 People lose their jobs 5 Southwest needs jobs and electric power. 6 Overproduction in industry & agriculture 7 High tariffs such as the Hawley Smoot Tariff & War Debt 8 Hoover believes the economy will fix itself 9 Competition for jobs is intense. 10 Poor farming techniques & natural disaster cause the Dust Bowl. Mexicans & Mexican Americans are sent back to Mexico (repatriation). Europeans cannot afford US goods, profit plummets, businesses are forced to lay off workers Stock Market Crash 1929 Hoover becomes very unpopular as the Depression gets worse. FDR is elected. Farmers called "Okies" move West Prices drop, workers are laid off or fired Without jobs, people can no longer pay their mortgage and the banks foreclose on their homes. Many people are homeless As the Great Depression gets worse, the government is unable to provide adequate support for people The Hoover Dam is built. Americans panic, run to the banks & withdraw their money. Banks collapse
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