Ch 17 WS #1

American History

 

  1. Who was President of the US at the end of the ‘20s? What was the main thing that ensured his election in ’28?

 

 

 

  1. What is a long period of rising stock prices called?

 

 

  1. What did it mean that investors were buying on “margin?” Why was this potentially dangerous?

 

 

 

  1. Before the ‘20s, what did a stock’s price reflect? Why did this begin to change?

 

 

 

  1. By late 1929, what began to happen to the price of stocks, why?

 

 

 

 

  1. What happened on Black Thursday and Black Tuesday?

 

 

 

  1. How did the market crash hurt banks?

 

 

 

 

  1. How did an unequal distribution of income help cause the Depression?

 

 

 

 

  1. What two things hurt the US’s ability to sell goods overseas?

 

 

 

 

  1. How did the Federal Reserve Board screw up to help cause the Depression?