https://padlet.com/dowens11/yov9aj5pd50v Chapter 6, Section 1 Pages 280-283 en-us 2017-12-01 14:06:12 UTC 2017-12-04 13:56:28 UTC hello@padlet.com https://padlet.com/dowens11/yov9aj5pd50v/wish/212835841 The problem was that the wealthiest few could not buy enough to keep the economy booming. ]]> 2017-12-04 13:44:08 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212835841 https://padlet.com/dowens11/yov9aj5pd50v/wish/212835933 Stock prices collapse and people spend less money which caused troubles for businesses. Production cuts kept getting bigger so businesses had to close plants and fire workers to save money.]]> 2017-12-04 13:44:17 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212835933 https://padlet.com/dowens11/yov9aj5pd50v/wish/212836011 Many people were not wealthy but they still Model T Fords along with a variety of other consumer products ]]> 2017-12-04 13:44:24 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212836011 https://padlet.com/dowens11/yov9aj5pd50v/wish/212836100 The tariffs were intended to reverse the "downward slide", the government tariffs to protect America products from foreign competition ]]> 2017-12-04 13:44:34 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212836100 https://padlet.com/dowens11/yov9aj5pd50v/wish/212836250 The country's banks could not survive because people gave the money to the banks to secure but the banks invested the money into their own stocks and when the people wanted to receive that money, they weren't able to.]]> 2017-12-04 13:44:51 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212836250 https://padlet.com/dowens11/yov9aj5pd50v/wish/212836742 June 1930 - raised taxes on foreign imports, such that foreign good could not compete in the American market. Damaged international trade and damaged the economy in America. ]]> 2017-12-04 13:45:47 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212836742 https://padlet.com/dowens11/yov9aj5pd50v/wish/212836953 Too much money being poured into stock speculation.]]> 2017-12-04 13:46:12 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212836953 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837155 In 1929, stock market began to sputter and fall.]]> 2017-12-04 13:46:40 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837155 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837164 Retaliated to protect their own goods, by raising their tariffs ]]> 2017-12-04 13:46:41 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837164 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837334 The stock market was booming in the 1920's but in 1929 the economic took a turn for the worse when people started selling because they were nervous. Leading in to the great depression. ]]> 2017-12-04 13:47:01 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837334 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837335 During WWI, farmers had to increase how many crops  they harvested because of the growing population, so they bought more land and expensive tractors along with other farm equipment. After the war, the demand for the crops fell but the farmers continued to harvest and produce an abundant amount of crops which resulted in a surplus amount of crops and many debts that were unable to be paid off. There was a rural depression that forced the farmers to sell their goods because they didn't have enough money to buy new consumer goods produced by American industries. ]]> 2017-12-04 13:47:01 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837335 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837520 The rich were not buying.]]> 2017-12-04 13:47:24 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837520 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837546 Was one of the causes why the depression spread across the globe. ]]> 2017-12-04 13:47:27 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837546 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837682 While wages rose gradually worker productivity increased astronomically ]]> 2017-12-04 13:47:43 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837682 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837721 The federal reserve cut interests rates to stimulate the economic growth. The "Fed" limited the money supply to discourage lending which caused there to not be enough money in circulation after the stock market crashed.]]> 2017-12-04 13:47:47 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837721 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837943 Too many Americans did not have enough money to buy what they wanted or needed. ]]> 2017-12-04 13:48:17 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837943 https://padlet.com/dowens11/yov9aj5pd50v/wish/212837960 When the stock market started to go down everyone got nervous and started to sell. More than 16 million shares were sold, this was known as the Great Crash. ]]> 2017-12-04 13:48:20 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212837960 https://padlet.com/dowens11/yov9aj5pd50v/wish/212838058 The European Countries problem of reparation payments, war debt payments, international imbalance of trade created a shaky economic structure]]> 2017-12-04 13:48:34 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212838058 https://padlet.com/dowens11/yov9aj5pd50v/wish/212838534 In 1929 the wealthiest 1% of the population earned about the same amount of money as the bottom 42%]]> 2017-12-04 13:49:30 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212838534 https://padlet.com/dowens11/yov9aj5pd50v/wish/212838843 People used credit to buy automobiles, appliances, and other goods ]]> 2017-12-04 13:50:10 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212838843 https://padlet.com/dowens11/yov9aj5pd50v/wish/212838989 Wealthy American families had annual incomes of over $100,000, which was 50 times more than most families.]]> 2017-12-04 13:50:31 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212838989 https://padlet.com/dowens11/yov9aj5pd50v/wish/212839022 Between 1923-1929 output per person-hour jumped 32% but workers-wages inched up only 8%. Corporate profits from worker output skyrocketed 65%]]> 2017-12-04 13:50:36 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212839022 https://padlet.com/dowens11/yov9aj5pd50v/wish/212839043 Germany ceased the reparation payments, The United States suspended France and Britain's war debt payments. European nations experienced the same America did. ]]> 2017-12-04 13:50:38 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212839043 https://padlet.com/dowens11/yov9aj5pd50v/wish/212839470 The installment plan was used as well]]> 2017-12-04 13:51:38 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212839470 https://padlet.com/dowens11/yov9aj5pd50v/wish/212839983 Stocks were purchased with credit ]]> 2017-12-04 13:52:51 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212839983 https://padlet.com/dowens11/yov9aj5pd50v/wish/212840360 More debt was caused by people using credit to purchase goods.]]> 2017-12-04 13:53:39 UTC https://padlet.com/dowens11/yov9aj5pd50v/wish/212840360