Matching Pairs Great Depression MatchingOnline version Match the cause and effects of the Great Depression by Hannah Howard 1 Southwest needs jobs and electric power. 2 Speculation in the stock market & buying on the margin 3 People lose their jobs 4 Banks have no regulation, make unwise investments with customers' money 5 Poor farming techniques & natural disaster cause the Dust Bowl. 6 Laissez faire economy means government is hands off 7 Hoover believes the economy will fix itself 8 Overproduction in industry & agriculture 9 Competition for jobs is intense. 10 High tariffs such as the Hawley Smoot Tariff & War Debt Europeans cannot afford US goods, profit plummets, businesses are forced to lay off workers Americans panic, run to the banks & withdraw their money. Banks collapse Farmers called "Okies" move West Prices drop, workers are laid off or fired Without jobs, people can no longer pay their mortgage and the banks foreclose on their homes. Many people are homeless Hoover becomes very unpopular as the Depression gets worse. FDR is elected. Mexicans & Mexican Americans are sent back to Mexico (repatriation). 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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