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Key Points Of The Great Depression

Who: the entire United States
What: the bottom fell out of the market, and shareholders frantically tried to sell before the prices plunged. 16.4 billion shares were dumped that day. People who bough stocks on credit were stuck with huge debts, and others lost most of their savings.
Why: because panicked investors unloaded their shares at the same time
When: October 29, 1929 (by mid November investors lost about $30 billion)
Where: the stock market

Hawley- Smoot Tariff
Who: congress passed. Protect farmers and manufacturers.
What: established the highest protective tariff in US history. The tariff made unemployment worse in industries that could no longer export goods to Europe.
Why: to prevent other countries from earning American currency to buy American goods.
When: 1930
Where: united states

*Boulder Dam (aka Hoover Dam)
Who: Hoover authorized.
What: it gave jobs to unemployed workers. 726 ft high and 1,244 feet long. World's tallest dam, and second largest......


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Approximate Word Count: 1409
Approximate Pages: 6 (250 words per double-spaced page)

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