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Stock Market Crash
1933
Contributing factors
Miscellaneous
Other
100
Tuesday October 29, 1929 Stock markets crash
What is Black Tuesday
100
unemployment rate at its peak
What is 30%
100
explain how the "buy now pay later" philosophy of the 1920s contributed to the Great Depression
What is when people lost their job they were unable to repay the loans meaning many lost everything similarly some used margin (credit) to buy stocks and when share prices crashed they too lost everything
100
Pogey
What is government relief for those with no source of income
200
$19 Billion of $199 Billion in 2017 dollars
What is how much value was lost in 1 day on the NY stock exchange
200
of 10, 15 or 20 what percentage of Canadians relied on the government relief to survive
What is 20%
200
explain how dependence on the US contributed
What is slowdown in the US meant lower demand for Canadian goods which resulted in slowdown in Canada
200
Prairie Farm Rehabilitation Administration Act of 1935
What is a government law to help farmers build irrigation systems to water farms devastated by the drought. A lot of Farmers had already left their land
300
explain protectionisms role
What is as world's economy slowed they began using tariffs (taxes) on Canadian goods which made them more expensive which meant less sales. The result was slowing of Canadian economy
300
the common mode of transportation during the depression
What is riding the rods. Homeless men mostly would jump on freight trains to go from city to city in search of work. They would often ride under the trains hanging onto the rods
400
accommodations for those riding the rods
What is shanty towns or jungles that sprung up around cities where homeless people got togther
500
Causes of the Stock Market crash in order
What is 1) economic boom in 1920's, low unemployment rising stock markets 2) easy loans allowed many to enter the market pushing prices higher 3) prices ran beyond reasonable levels 4) some investors started selling 5) selling created more selling 6) panic selling followed 7) margin calls (demands to repay loans) meant more selling some investors went bankrupt in a single day
500
overproduction role
What is the economic boom of the 1920's meant businesses increased production, demand did not keep up so goods were held in inventory. with less sales business slowed production and laid people off. Less people working meant less money for goods which slowed the economy and resulte din even less demand and more lay-offs and so on
500
these made things even worse for the prairies
What is drought and grasshoppers, followed by high winds that blew away fertile top soil making it even harder to grow wheat that wasn't worth much anyway
500
how the government changed in response to the great depression
What is government thinking shifted from balanced budgets and hoping private business would bring recovery to the thinking that the government should kick-start recovery through social programs and other government spending