This is just a demo map that you can delete right away, if you feel like it...
people would buy and sell stocks quickly to make a quick buck
Paying only ten percent for stocks
Everyone tried to sell out at the same time, and it all fell through.
Effected everyone, of every class
Too much of a product, with not enough people to buy it.
put a temporary stop to war debt & reparations payments
Government passed a high tariff to get countries to buy from the US.
in retaliation other countries passed high tariffs and no foreign markets purchased American goods, so U.S. productivity decreased again
Banks were shut down and inspected., People regained confidence in their banks
Government could print more money than the gold reserves would allow.
unemployment insurance, old age pensions
Took money out of circulation
Only helped the unemployed
passed in 1933 to aid formers- its objective was to restore farmers' purchasing power and to restore the family farm, food production down when millions were starving, Black sharecroppers were hurt: white landowners paid not to farm so they got rid of Black tenant formers
in 1935, AAA was declared unconstitutional by courts (too much control over individual states), so it was revised and introduced as new legislation
gave away surplus food to poor, also guaranteed (small) farmers a market
aimed at older workers
it legitimized unions and labour tactics such as collective bargaining & collective action