Great Depression Part 1 Review
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 1928? Because of his WWI accomplishments and optimism over the economy he won the election.
What things were going on in the 20’s that lead to the Great Depression? Farmers increased production during WWI to meet demand which meant buying new land and equipment which resulted in farmers bringing massive debut into the 20’s.
What was Black Tuesday? How did it happen? Black Tuesday is Oct 29, when the stock market crashed. The stock market crashed Americans lost billions of dollars with many who bought on margin losing everything they had.
What effects did Black Tuesday have on the US? The economy just started to fall and people started to lose even more money.
How did the Depression spread globally? Reparation payments, War debuts, and imbalance of trade had already created shaky economic structure.
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