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Great Depression - Coggle Diagram
Great Depression
Causes of Great Depression
Overproduction
1920's consumers could not buy products
Speculation
Stocks bought for lower prices
Buying on the margin
Loans promised to be paid later
Farms Decline
No food needed from Europe
High Tariffs American
Protective tarrifs helped American
Stock Market Crash
Black Thursday and Black Tuesday
People's money lost
Banks became failure
People's jobs lost
No safety nets
National nightmare
Homeless and hungry people
American Dreams Shattered
The Dust Bowl
Black Sunday
Herbert Hoover - 31st President
"This too shall pass"
Individualism
Cut taxes and established the Reconstruction Finance Corp
Frustration due to Hoover's lack of leadership
13 million people unemployed
Hoover Roast
Hoover Flag
Hoovervilles