https://padlet.com/parkercyncere/p8myn9gfy2 Tirrell Turner en-us 2017-01-05 16:22:48 UTC 2024-12-16 06:05:37 UTC hello@padlet.com parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/145529785 Manufactures produced  more goods than what was able to be sold in the society. Like cars, radios, and refrigerators.

]]> 2017-01-05 16:30:22 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/145529785 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/145530681 Stock Market Crash caused over speculation in stock marker- people thought stocks would only rise and expected everything to make more money also caused by buying on margin When loans are given to buy stocks. Buyer only paid small portion of the stocks with a loan to cover most of cost]]> 2017-01-05 16:33:24 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/145530681 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/145532212 Banks collected money from depositors and then invest the funds in businesses. This enables them to earn money to pay interest on deposits. American bankers were honest and followed established banking practices. Some bankers invested their depositors money in unsound investments. The government failed to regulate either the banking system or the stock market. ]]> 2017-01-05 16:38:16 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/145532212 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/145534513 American tariffs protected American Market but they made it hard for producers to sell abroad since other countries retaliated by setting up high tariffs of their own. President Hoover signed the highest tariff in US history shrinking the world trade. ]]> 2017-01-05 16:45:00 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/145534513 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/146025603 Private bankers stepped in and bought stocks to keep prices up. On October 24, 1929 "Black Thursday" stocks moved downward. People couldn't sell there shares fast enough . No one was willing to buy stocks to support falling prices. Bankers tried to buy stocks above current market prices to try and stop the decline. Bankers only delayed the collapse by a few days. October 29 Black Tuesday Stock prices kept falling.]]> 2017-01-09 16:08:59 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/146025603 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/146028254 Corporations couldn't raise funds. People lost there money and life savings they could not repay there loans or rents. The demand for goods decreased. Prices fell factories closed and workers lost there jobs ]]> 2017-01-09 16:16:00 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/146028254 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/146030573 2017-01-09 16:22:14 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/146030573 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/146030894 The Great depression was a Nightmare. Americans started to not know there self worth. The reality of chaos and confusion replaced the nations traditional optimistic outlook. Business failed, farmers lost farms, banks failed, unemployment, ]]> 2017-01-09 16:23:00 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/146030894 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/146033628 A natural disaster and a financial disaster. A series of droughts dried up crops and topsoil turning the soil to dust.for 10 years wind carried topsoil across hundreds of miles burying homes and destroying crops making farmers unable to pay there bill they were forced to move west to California.]]> 2017-01-09 16:29:52 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/146033628 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/146035843 Rising unemployment, Hoover rejected demands for the federal government to provide direct payments to the needy. Believed that would reduce them wanting to work. undermining Americans . Hoover believed that voluntary private organizations should provide emergency relief and that it was not the role of government to step in for voluntary philanthropy.]]> 2017-01-09 16:35:41 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/146035843 parkercyncere https://padlet.com/parkercyncere/p8myn9gfy2/wish/146038605 2017-01-09 16:42:05 UTC https://padlet.com/parkercyncere/p8myn9gfy2/wish/146038605