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Buying on Margin
Borrowing money to buy stocks
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Hawley-Smoot Tariff
Wasn't good for international trade
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Overproduction
High supply of goods made products worth less
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18th Amendment
Prohibited the sale and production of alcohol, hard to enforce because of large # of people breaking the law
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Herbert Hoover
Believed government should be "hands off", gave money to businesses in hopes of trickling down to citizens
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21st Amendment
Repelled the prohibition amendment
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Franklin D. Roosevelt
In favor of spending federal money to help fix the economy
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Unequal distribution of wealth
Majority of families earned incomes at or below povert, while top 1% incomes soared
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Post WWI
Fear of communism, US isolated, Fear of anti-democracy (like Sacco and Vanzetti)
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Harlem Renaissance
Celebration of African-American culture
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NAACP
Tried to get laws passed for more African American rights
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1920s Women
Went to school and worked outside of teh home
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Speakeasies
Hidden night clubs where liquor was illegally sold
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Great Migration
Increased job opportunities in Northern cities
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Causes of the depression
Overexpansion of credit (installment plans), overproduction, buying on margin, speculation
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Bonus Army
WWI vets, denial of benefits caused people to turn against Hoover
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New Deal and Supreme Court
Programs should have been dealt with at the state not federal level
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New Deal
Federal government has responsibilit for the welfare of the people
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