Matching Pairs Great Depression MatchingOnline version Match the cause and effects of the Great Depression by Hannah Howard 1 Speculation in the stock market & buying on the margin 2 People lose their jobs 3 Laissez faire economy means government is hands off 4 Hoover believes the economy will fix itself 5 Southwest needs jobs and electric power. 6 Banks have no regulation, make unwise investments with customers' money 7 Poor farming techniques & natural disaster cause the Dust Bowl. 8 Overproduction in industry & agriculture 9 High tariffs such as the Hawley Smoot Tariff & War Debt 10 Competition for jobs is intense. As the Great Depression gets worse, the government is unable to provide adequate support for people Europeans cannot afford US goods, profit plummets, businesses are forced to lay off workers Prices drop, workers are laid off or fired Hoover becomes very unpopular as the Depression gets worse. FDR is elected. Americans panic, run to the banks & withdraw their money. Banks collapse Without jobs, people can no longer pay their mortgage and the banks foreclose on their homes. Many people are homeless Mexicans & Mexican Americans are sent back to Mexico (repatriation). Farmers called "Okies" move West The Hoover Dam is built. Stock Market Crash 1929
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