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They gave out more money than they actually had. 

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They gave out more money than they actually had. 

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brandon allen

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Makes the New Deal which actually gets the U.S. Government involved with the economy instead of them not being involved at all

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Banks were giving out risky loans to people who could not pay it back.  

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Banks were giving out risky loans to people who could not pay it back.  

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Paul Non

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The amount of ‘bad loans’ given out by the banks with no guarantee that the loaners will be able to get their money back from the people they loaned to, contributing to the crash.

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They gave out risky loans which caused them to give out more money than they had and people weren't able to pay them back.
Jada Martin

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Farmers were overproducing after WWI and were taking out a lot of loans.

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He believed that Americans should not receive "handouts" because it would weaken their strength, this approach being completely opposite to that of FDR's. - Rosaline

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Americans will climb out of it and "handouts" would weaken the country. - Daisy

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Americans will climb out of it and "handouts" would weaken the country. - Daisy

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The Americans were spending more money through credit cards than they had, so when their bills needed to be paid they went bankrupt and lost everything.

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Bought stocks on credit thinking they would make it back

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Promised a New Deal which is government help for Americans

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Americans were given bad loans from banks and did not pay them back.

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The farmers had grown too much much food while people were at an all time low on money

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Farmers were over farming and producing too many goods, which causes the price to drop.

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The people were buying too many stocks.

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The banks were handing out bad loans to people.

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The banks were handing out bad loans to people.

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- Stephanie Eiseman

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Americans used credit to purchase things they couldn’t afford and ended up getting into debt.

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Grace-The US Government contributed to the Stock Market Crash of 1929 by adopting a policy of seperation from the economy, believing that Americans could climb their way out of the Depression on their own. 

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Grace-The US Government contributed to the Stock Market Crash of 1929 by adopting a policy of seperation from the economy, believing that Americans could climb their way out of the Depression on their own. 

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farmers began to over prepuce due to previous wars, lowering the cost of produce and putting farmers in debt and out of business.

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Farmers overgrew their products, which led to the value of those products dropping. This also led to drought, and when windstorms came through that led to the Dust Bowl. -Michelle

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Most Americans were out of a job and were limited on money and food.

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Most Americans were out of a job and were limited on money and food.

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-Alijah Orr

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People were spending way more money than they actually had through credit.

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The banks were giving out more money than they had available- Daisy 

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The banks were giving out more money than they had available- Daisy 

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The banks contribute to the 1929 Stock Market Crash by giving out more monet than the people could pay back.

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There was an overproduction of crops so the prices lowered and the farmers went into debt.

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at it's peak 25 percent of americans were unemployed, and many went bankrupt after they couldnt pay loans or stocks didnt do well on credit. They had to make Hoovervilles/homes out of stuff they found around them.

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Franklin Roosevelt’s answer to the Great Depression was to involve the government in economics.  He believed in the government providing economic assistance to the American people.

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they were spending money they knew they couldn't pay back

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Farmers were over producing, causing the price of their crops to rise which left the farmers in poverty.

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Banks gave out risky loans and people weren't able to pay them back.

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they didn't want to help the americans.

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Hoover not wanting to intervene in the economy and leaving the Americans to suffer on their own led to FDR’s promise of the New Deal which would actually have the government involved in the economy so that it can improve.

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He believed the american people could climb themselves out of debt.He thought handouts would make America look weak.-Amani

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The American people began purchasing things on credit and investing in the stock market. They weren't able to pay anything back when the stock market didn't work out many were left in poverty and lost their homes and other things.

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He wanted the citizens to figure out it themselves.He didn't want the government to help them at all.- Cora

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He wanted the Americans to figure out themselves. He believed if he help them it will make them weak. Jalen