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

Stock Market Crash

rapid buying and selling of stocks(Stock Speculation)

Buying on Margin

Quick turnover didn't aid co.'s

Inflated stock value

Productivity/Unemployment

1920's U.S. eco was based on

Purchasing demand resulted in high employment

Over Production

Uneven dist. of wealth

Hoover's response

Government shouldn't play role in government

VOLUNTARY NON - COERCIVE COOPERATION- tax breaks for private sector investments

Euro. countries were to purchase U.S. goods

Banker's panic

Tariff Wars

Democrats passed high tariffs (Smoot Hawley)

Countries passed high tariffs (no foreign countries purchased U.S. products)

Americans react

Isolated protest movements

New Deal

STEP ONE:

STEP TWO:

STEP THREE:

NIRA and NRA

Fair labor codes is established

Liberty league urged Supreme Ct. to overturn NIRA and NRA

Agricultural Adjustment Act

Passed in 1933 to aid farmers

Food production down

In 1935, was declared unconstitutional

CIVILIAN CONSERVATION CORPS (CCC)

Established work for men 18-25

Blacks not permitted to enroll