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1. investors begin to sell stock, causing prices to drop
2. as prices drop, brokers call in their loans
3. investors do not have the cash to payoff the loans
4. brokers enforce sales of stock to pay off the loans
5. prices drop more, causing panic sales of stock

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- Nations owed us $10 billion
* had no way of paying
- Hawley-Smoot Tariff
* high tariffs on indsutrial products
- other nations retaliated and world trade declined

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- investors buy stocks thinking it will quickly rise in value
- buying on the margin: investors put 5% of the stock value down

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- too few workers could afford to buy factory input
- surplus products could not be sold overseas => high tariffs

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- producing more than demand
- Dust bowl

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- Installment plans
- Concentration of wealth

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- 20,000 veterans who marched in to Washington to demand that a bonus be paid to those who had served in World War I.
- People hated hoover

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A schedule of tariff rates that was highest in history; set tax increases ranging from 31% to 49% on foreign imports

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created 12 district banks that would lend $ at discount rates (could increase/decrease amt. of $ in circulation); loosen/tighten credit with nation's needs; first central banking system since 1836

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Allowed people to borrow most of the cost of the stock, making down payments as low as 5%

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dramatic decline of stock prices across a significant cross-section of a stock market, resulting in a significant loss of paper wealth.

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the day the stock market crashed

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women aided the military.

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exploit Mexican Americans laborers. The braceros were paid little and treated poorly, which showed the oppressive conditions of farm labor in the United States

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- African Americans moved form the south
- took place from 1941, through World War II, and lasted until 1970

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conserve materials to support the military; resulted in saving up of money to cause economic boom after war

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The internment of Japanese Americans in the United States during World War II was the forced relocation and incarceration in camps in the western interior

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leader of the UNIA, urged blacks to return to Africa because, he reasoned, blacks would never be treated justly in countries ruled by whites

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singer

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trumpter

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American composer

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leader in Harlem Renaissance
Poet

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flowering of black culture in 1920s

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African Americans moved from rural south to urban areas

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eliminating racial segregation and discrimination and helping African Americans and other minorities

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a civil rights organization to fight prejudice, lynching, and Jim Crow segregation, and to work for the betterment of blacks

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An African American sociologist and civil rights leader

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An ex-slave founded the Tuskegee Institute
Atlanta compromise speech

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to make democracy work for all citizens.

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Major proponent of Birth Control

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gave women the right to vote

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campaigned for the Equal Rights  but it got little support from congress

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Leader of the National Woman's Party

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Women's suffrage leader