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Cause and Effects

Social studies presentations

QuestionAnswer
A: Fewer people were working 1 : less tax money for local governments, school boarders cut teacher's pay, and some schools had to close.
B: Families struggles during the depression 2: Woman could find more jobs than men, many woman had to work outside for the first time, and some children quit school to help their families earn money.
C: Many investors bought stocks on credit and planned to pay it off once the stock price rise 3: Once the crash came many owed more than their stocks were worth, this broke the bank so they closed and people lost their savings.
D: As the economy worsened, people cut back on their savings 4: People bought fewer products, many factories closed, and other people cut back on production. By 1932 factories made 1/2 the goods they made in 1929.
E: The effects on high tariffs and crop surpluses continued to hurt farmers. 5: Crop prices declined ever further, and farmer's income continued to fall.
F: Tariff is a tax on good that are produced in other countries and sold in the US 6: Many countries passed high tariffs on goods from the US. Many American companies could not sell their goods overseas.
G: On black Tuesday it's an outright panic. 7: The Dow Jones falls 12%, leaving citizens in despair.
H: Production slowed down 8: People didn't make as many inventions.
I: The markets lost $40 million in one day 9: Some stores are now worthless, people have lost their life savings, and Americans who borrow to invest are absolutely crushed.
J: The stock market's stocks increased and that was NOT good 10: Now much less people would buy products.
Created by: arianaleks
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