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The Great Depression by Mind Map: The Great Depression
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The Great Depression

STOCK MARKET

Public buys & sells for $

Prices Increase

Inflation on Companies Stock Value

Panic Selling = All companies try to sell out at the same time

PRODUCTIVITY & UNEMPLOYMENT

No gov. assistance @ first

People can't buy so productivity decreases

High employment at first because of demand of goods

UNEVEN DISTRIBUTION OF WEALTH

42% Below Poverty Line

%8% above; Middle class depended on salary so when productivity declined they lost their jobs; ruined country

PRESIDENT HOOVER

VOLUNTARY NON - COERCIVE COOPERATION

HOOVER MORATORIUM

Not popular with the American People

GLOBAL PROBLEMS

Democrats in Congress passed tariffs (taxes)

Germans borrowed from Austrians and US

PUBLIC PROTESTS

Dairy Farmers hate low price of milk so they don't sell it

WWI Veterans' pensions stopped by congress so they march at Washington "BONUS MARCH"

1932 ELECTION

1 out of 4 people were unemployed

Republicans wanted Hoover to have 2 term- that wasn't going to happen

FDR won! democrat from NY