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