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Great Depression flashcards

Descrição

FlashCards sobre Great Depression flashcards, criado por missweisz7 em 15-01-2015.
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FlashCards por missweisz7, atualizado more than 1 year ago
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Criado por missweisz7 aproximadamente 10 anos atrás
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Resumo de Recurso

Questão Responda
Causes of the Great Depression include 1. stock market crash 2. Excess use of credit-buying on margin 3. decline in farm prosperity 4. overproduction and underconsumption 5. uneven distribution of income 6. shrinking international trade 7. banking is unregulated
Hoovervilles nickname given to poor communities
Hoover president at the time of the Great Depression
Trickle Down Economics belief that economic growth depends on making increased amounts of capital-money available to big businesses
Bonus Army World War One veterans (people who served in the army) protest to be paid for their services. Hoovers response to the Bonus Army caused him not to be reelected.
Republican Presidents (Coolidge, Hoover) Don't believe in giving people services because they believe it'll destroy individual initiative.
Individual initiative Peoples motivation to make money

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