Directions: Under each complete the phrase, answer the question, fill in the blank, or define the definition.
How did Herbert Hoover win the election of 1828? with his past WWI accomplishments and with optimism over the economy Herbert Hoover wins the presidential election
What things were going on in the 20’s that lead to the Great Depression? Demand decreased after WWI, but farmers were still producing war levels meaning huge surplus of crops
What was Black Tuesday? How did it happen? Black Tuesday started chain reaction leading to collapse of US economy. Crisis in Confidence led people to become scared for the security of their money in banks leading to a rush of withdraws
What effects did Black Tuesday have on the US?
Americans lost billions of dollars with many who bought on margin losing everything they had
How did the Depression spread globally? Gov tried to raise tariffs with Hawley-Smoot Tariff in effort to protect US business, but raised it high enough were foreign goods could not compete leading Europe to do cut off their markets further hurting US business
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