The Great Depression Widens

From Great Depression 22-2 Reading

1. How did the Great Depression affect minorities?     
The Great Depression affected minorities by; many people lost their jobs, were evicted from their homes and were then thrown out onto the streets. 


2. Why did so many men leave their homes during the Depression?    
Many men left their homes during the great depression because they were so upset that they could not find a job to support their families hence they got so discouraged with themselves that they left their homes.


3. How did the Great Depression affect women and children?    
The Great Depression affected women and children by the women tried to go out and get jobs but it was hard for them because the men did not think that it was right to have unemployed men and employed women; therefore it was very hard for a women to support herself and her children. It was difficult for children because many of them were starving and were getting sick. Also a lot of hospitals and schools closed.


From Great Depression 22-3 Reading

4. What were some of Hoover’s key convictions about government?     

Some of Hoover's key convictions about government were that if business and were in conflict for example, government should step in and help them find a solution that served their mutual interests. He said that governments role was to encourage and facilitate cooperation; not to control it. 

5. Why do you think people blamed Hoover for the nation’s difficulties?    

I think that people blamed Hoover for the nation's difficulties because he believed that it was the rich people's responsibility to help the poor and not the governments; because he thought like this there was no welfare so it made it even harder for people to survive.  

6. What were some of the projects proposed by Hoover, and how effective were they?    

Some if the projects proposed by Hoover were that he asked employers not to cut wages or cut off workers and he also asked labor workers not to demand higher wages or go on strike. Neither of these projects were effective.

7. What did the Bonus Army want?    
The Bonus army were world war one veterans who authorized the government to pay a bonus to world war one veterans who had not been compensated adequately for their wartime service

The Crash Occurs and the Great Depression Begins

1. What industrial weakness signaled a declining economy in the 1920s?        
Some Industrial weakness that signaled a declining economy in the 1920's were; industries such as railroads textiles and steel had barely made a profit. Also mining and lumbering which had expanded during wartime were no longer in high demand. Coal mining was another industry that was hit hard because of all of the new forms of energy such as hydroelectric power, fuel oil and natural gas. Even the big industries such as automobiles, construction, consumer goods and housing started to decline.

 

2. What did the experience of farmers and consumers at this time suggest about the health of the economy?       
The experience of the farmers and the consumers at this time suggested that the health of the economy was not good at all. Mainly because basically every American was living on credit and there was a very uneven distribution of income.


3. How did speculation and margin buying cause stock prices to rise?      

Speculation and margin buying caused stock prices to raise by a lot of Americans were buying items on credit because they did not have the money to pay for it; so when the bills came around to pay for the item they bought they did not have the money therefore the economy/government needed more money so the price of items had to start to raise.

4. What happened to ordinary workers during the Great Depression?      

During the Great Depression a lot of ordinary workers lost their jobs and when they went to the bank to try to get their money in their savings account the bank did not have the money because they gave all of their money to the stock market therefore a lot of ordinary workers went bankrupt and where not able to support their family anymore.


5. How did the Great Depression affect the world economy?    

The Great Depression affected the world economy by a lot of word trade had fallen within 40 percent.