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

Economic Cycle

People couldn't buy, productivity was cut back

Purchasing power declined again

Hoover

Reconstruction finance corporation

Had power to make emergency loans to banks.

It was too little too late

Disliked by the public

Was a president

Hoover didn't want the government to interfere with the economy.

Franklin D Roosevelt destroyed hoover in the election.

Role of Stock Market

Crash

October 29, 1929- NYC Stock Market Crashed.

Investor's confidence dropped, which lead to market crash., Panic Selling, Buying and Selling increased stock, but cos. needed long term investments to afford bills., bought and sold to inflate shares on purpose., false sense of security.

Stock Speculation- People buy and sell stocks quickly to make money

1920's money was plentiful so banks didn't hesitate to make loans.

Buying on margin

F.D.R

Created the new plan

government got involved.

fixed the bank crisis.

reformed the stock market.

put more money into circulation. caused inflation.

New node