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