Matching Pairs Great Depression MatchingOnline version Match the cause and effects of the Great Depression by Hannah Howard 1 People lose their jobs 2 Overproduction in industry & agriculture 3 Speculation in the stock market & buying on the margin 4 High tariffs such as the Hawley Smoot Tariff & War Debt 5 Southwest needs jobs and electric power. 6 Hoover believes the economy will fix itself 7 Poor farming techniques & natural disaster cause the Dust Bowl. 8 Laissez faire economy means government is hands off 9 Competition for jobs is intense. 10 Banks have no regulation, make unwise investments with customers' money Hoover becomes very unpopular as the Depression gets worse. FDR is elected. Farmers called "Okies" move West Americans panic, run to the banks & withdraw their money. Banks collapse As the Great Depression gets worse, the government is unable to provide adequate support for people Mexicans & Mexican Americans are sent back to Mexico (repatriation). 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 Stock Market Crash 1929 Europeans cannot afford US goods, profit plummets, businesses are forced to lay off workers The Hoover Dam is built.
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