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 High tariffs such as the Hawley Smoot Tariff & War Debt 3 Speculation in the stock market & buying on the margin 4 Southwest needs jobs and electric power. 5 Overproduction in industry & agriculture 6 Competition for jobs is intense. 7 People lose their jobs 8 Hoover believes the economy will fix itself 9 Banks have no regulation, make unwise investments with customers' money 10 Poor farming techniques & natural disaster cause the Dust Bowl. Farmers called "Okies" move West Europeans cannot afford US goods, profit plummets, businesses are forced to lay off workers Hoover becomes very unpopular as the Depression gets worse. FDR is elected. Mexicans & Mexican Americans are sent back to Mexico (repatriation). Prices drop, workers are laid off or fired 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 The Hoover Dam is built. Stock Market Crash 1929 As the Great Depression gets worse, the government is unable to provide adequate support for people
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