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Over Speculatuion
Rampant speculation led to falsely high stock prices, and when the stock market began to tumble in the months leading up to the October 1929 crash, speculative investors couldn’t make their margin calls, and a massive sell-off began. -
Stock Market Crash
An estimated $30 billion in stock values will disappear by mid-November.The first time the stock market has crashes in history. -
Hoover Does to little to late to help
President Herbert Hoover says, "Any lack of confidence in the economic future or the basic strength of business in the United States is foolish."He didnt help when he tried to help it was too late. -
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Dust Bowl
More than a million acres of farmland were rendered useless because of severe drought and years of overfarming, and hundreds of thousands of farmers joined the ranks of the unemployed.Many Farmers had no job and couldnt grow or sell crops -
Hoover Villes
Hooverville shanties were constructed of cardboard, tar paper, glass, lumber, tin and whatever other materials people could salvage. -
Banks Failures
New York's Bank of the United States collapses. At the time of the collapse, the bank had over $200 million in deposits, making it the largest single bank failure in the nation's history.Banks also start to fail and loose circulation of money. -
Francalin D. Roosevelt steps in presidency
Though the relief and reform measures put into place by President Franklin D. Roosevelt helped lessen the worst effects of the Great Depression in the 1930s -
F.D.R New Deal
In the First New Deal, the federal government provides immediate relief from the Depression by creating new public agencies to employ civilians, as well as regulate the banking industry. -
FDIC
The FDIC helps to prevent bank runs by assuring depositors that they have access to their money.
