Log in Sign up. How can we help?

What is your email? In , the stock market crash spelled an end to the prosperity of the s. The stock market crash marked the beginning of a period of economic hard times known as the Great Depression which lasted through the s.

During the s, Many Americans had seen how some had gotten rich by investing in the stock market. They wanted to invest, too. This was known as buying on margin. When the stock m…. Root Causes of the Great Depression. Effects of the Great Depression. The stock market crash of October brought the economic prosperity of the s to a symbolic end.

The Great Depression was a worldwide economic crisis that in the United States was marked by widespread unemployment, near halts in industrial production and construction, and an 89 percent decline in stock prices. The Great Depression may be said to have begun with a catastrophic collapse of stock-market prices on the New York Stock Exchange in October Reduction in Purchasing Across the Board -With the stock market crash and the fears of further economic woes, individuals from all classes stopped purchasing items.

This then led to a reduction in the number of items produced and thus a reduction in the workforce. As people lost their jobs, they were unable to keep up with paying for items they had bought through installment plans and their items were repossessed.

social studies stock market new deal depression Flashcards | Quizlet

More and more inventory began to accumulate. In previous depressions, farmers were usually safe from the severe effects of a depression because they could at least feed themselves. Unfortunately, during the Great Depression, the Great Plains were hit hard with both a drought and horrendous dust storms.

It was a period of protests and hunger marches — and unionism spread like wildfire — but many people suffered quietly, ashamed of their poverty. Many countries wanted to protect themselves from the chaos in the economy, so they decided to make more laws restricting trade and reinforce the ones that were already in place.

During the next three years stock prices in the United States continued to fall, until by late they had dropped to only about 20 percent of their value in Signaled the beginning of government involvement in the economy and in society as a whole. National Industrial Recovery Act.

Develops rules for doing business. Federal Deposit Insurance Corporation. Insures savings accounts in banks approved by the government.

Hardships faced by women.

Stock Market Crash and Great Depression Flashcards | Quizlet

Hardships faced by African Americans. Hardships faced by Mexican Americans. Hardships faced by Asian Americans.

Chapter 9- The Great Depression Flashcards | Quizlet

Hardships faced by Native Americans. Summary of the Dust Bowl. The Dust Bowl drought of the s was one of the worst environmental disasters of the Twentieth Century anywhere in the world. Many factors led to the Dust Bowl.

The increased demand for wheat during World War I, the development of new mechanized farm machinery along with falling wheat prices in the s, led to millions of acres of native grassland being replaced by heavily disked fields of straight row crops. Four years of drought shriveled the crops and left the loose top soil to the mercy of the ever-present winds. It occurred in the driest region of the Plains - southeastern Colorado, southwest Kansas and the panhandles of Oklahoma and Texas - became known as the Dust Bowl.

Three million people left their farms on the Great Plains during the drought and half a million migrated to other states, almost all to the West. The drought that helped cause the dust bowl lasted seven years, from to Dust storms were not new to the region in the s, but a number of demographic and cultural factors were new.

First there were a lot more people living in the region in the s than there had been in the s. During the Depression, schools across the Plains sent students home because of the dust storms. Some school administrators were worried about what might happen to the students' health.

There had been cases of "dust pneumonia" where dust clogged up the lungs just like the disease. Other administrators and teachers, especially in the southern Plains, knew that people had gotten lost in dust storms when visibility went to zero. The 31st president of the United States , whose term was notably marked by the stock market crash of and the beginnings of the Great Depression.

A system by which a buyer pays for a thing in regular installments while enjoying the use of it. The first day of the depression. The initial day the markets took a downturn. Government support the elderly.