- They had a good reputation and because they were less regulated they were able to give higher returns, so soon people started putting a lot of money into trusts... People began pulling all of their money out and soon a dozen major trusts in NYC had failed... - The Fed was given the sole right to issue currency in order to make the money supply sufficiently responsive to satisfy economic conditions around the country. ... - The Glass Steagall Act of 1932 increased the ability of banks to borrow from the Federal Reserve System...

• Word Count: 858
• Approx Pages: 3
• Grade Level: High School

On average, people's wages stayed the same even as prices for these goods increased. ... "From 1923-1929 output per worker increases 32%.... The number of failed banks increased as desperate bankers called in loans in which the borrowers did not have the time or money to pay the banks back. ... In fear of losing their money, large amounts of bank customers flooded the banks to withdraw their money. ... "Industrial production increased 50% , but workers could not buy goods as fast as the industry them because their wages were just too low and could only spend their money on the t...

• Word Count: 1629
• Approx Pages: 7
• Has Bibliography
• Grade Level: High School

An increase would help the economic recovery and by raising the minimum wage people would spend more money and decrease our debt. ... The first reason is it would help increase families income. ... By the wage going up more Americans have more money to send on their wants and that helps boost the economy. ... It would also increase the Growth Domestic Product. ... After looking at the three counter arguments of increasing the minimum wage and looking at the downfall of an increase. ...

• Word Count: 1112
• Approx Pages: 4
• Has Bibliography
• Grade Level: High School

Stocks are a piece of a company that a citizen can purchase and own, and depending on whether the market goes up or down you either gain money or lose it. ... If you were smart at this time, and saw that the business's market was rapidly increasing, you would sell your stock and earn the highest you possibly can. ... They would risk all the money they had for a chance to eventually earn more. ... If you didn't have the money to purchase a product, you could simply use credit and pay it back in installment plans. ... Another main problem with installment plans is that consumers at th...

• Word Count: 600
• Approx Pages: 2
• Has Bibliography
• Grade Level: High School

The people holding shares can make profit if the company makes money or loss money if the company does not do well. ... When people came to the banks to take out their money the banks had no money to give them. ... If the stock rises we gain money because the values increased. ... When stock prices started to drift downward during September and October 1929 the volume of trade increased. When prices declined the hope of speedy recovery faded the number of margin calls increased. ...

• Word Count: 1618
• Approx Pages: 6
• Grade Level: High School

Leading up to the largest crash of 1929, was the steady increase of stock prices between 1921 through 1929. In order to slow the growing prices of the stock market, the Federal Reserve stepped in and increased interest rates. With the increase of interest rates people stopped purchasing as much, especially in areas such as manufacturing, which in turn reduced production. ... People lost all confidence in these banks and wanted back all of their money. ... Since the United States' money is backed by gold. ...

• Word Count: 1131
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School

The more money they had the more they could spend. ... To make these organizations it was going to take money. ... In order for this system to work people needed money. ... elieved that to reduce unemployment the government needed to increase the aggregate demand. ... The ability to pay and the increase desire to spend would increase the demand for goods. ...

• Word Count: 979
• Approx Pages: 4
• Grade Level: High School

The average work output in manufacturing increased 32% from 1923 to 1929.... The money was mostly used to purchase United States goods. ... Since the united states had no way to collect they increase many tariffs. ... Investors were able to control thousands of dollars without with little or none of their own money. The Dow Jones industrial average rose from 191 early in 1928 to 381 in September 1929, a 100% increase in two years....

• Word Count: 1346
• Approx Pages: 5
• Grade Level: High School

The car industry provided jobs to people and allowed money to be spent. ... The banks would only hold a fraction of the money that the people deposited so when people were becoming uneasy with the stock market crashing and wanting to take out their money, the banks failed in returning the people their money back. ... In order to get an economic bust, people need to feel confident in spending their money as opposed to not wanting to take the risk of spending money to prevent from ending up with no money to pay for bills and the necessities that one needs. ... If companies can't have mass ...

• Word Count: 1117
• Approx Pages: 4
• Grade Level: High School

People were encouraged to spend their money and this very prosperous period was built around luxuries such as the motor car. ... In 1929 Herbert Hoover became President and promised that America's prosperity would increase. ... For sometime previously, share prices had been steadily increasing and were being sold to many Americans and businesses. ... As everyone withdrew money from their bank accounts the situation led to total collapse with more and more companies going bust. ... He planned to do what no other president had done before, interfering with economy creating jobs by spen...

• Word Count: 814
• Approx Pages: 3
• Grade Level: High School

Such "black market" trading Definitely helped increase criminal activity for the former-criminals and the now New criminals of the twenties and early thirties. ... Another reason for the sudden increases In crime were in some way because of the increasing prices for the illegal production And marketing of alcoholic products. ... Prisons were filled to capacity and the money spent by the government to enforce such rules almost doubled. ... As the Depression set in, the economy of the nation became the first concern, and few wanted to continue to spend large amounts o...

• Word Count: 872
• Approx Pages: 3
• Grade Level: High School

Firstly, there was no confidence in the money system, or in the banks. ... Putting your money in an open bank would be almost like giving your money away because nobody knew when the next bank was going to close. ... This Act was aimed to increase farmers' incomes. ... The republicans also opposed the increased presidential power and some even claimed it was dictatorship. They also opposed the increased bureaucracy. ...

• Word Count: 2194
• Approx Pages: 9
• Grade Level: High School

Investors lost tons of money and those who had borrowed money were wiped out completely. ... Banks failed to give back money to the people. ... In response to that, Hoover increased tariffs and raised interest rates, which only made things worse (Smiley, Gene). ... Two policies, labor cost increases and a contractionary monetary policy, caused the economy to contract further. ... It could, but such an event is unlikely because this time the Federal Reserve Board is unlikely to sit idly by while the money simply falls by one-third as unemployment rates rise. ...

• Word Count: 629
• Approx Pages: 3
• Has Bibliography
• Grade Level: High School

He started off with the positive recent economic activity for the past two years: a vibrant housing market; risk spreads and the price of oil fell sharply; stock prices rose; tax cuts; real GDP increased; possibility of the labor market stabilizing; rise in productivity. ... The social security and Medicare benefits promised them under the current law cannot be financed with existing tax rates without causing a large budget deficit increase and destabilizing effects on the U.S. economy. ... Even though productivity has been increasing the job market has been weak. The debate is over whether ...

• Word Count: 440
• Approx Pages: 2
• Grade Level: High School

This change involved government intervention and meant that finacial resources were used and borrowing was increased. ... This resulted in cheap exports and meant Britain could make more money. ... As a result this led to slum clearance, an increase in lower rent council housing . ... This change resulted in money coming in and employment rising due to the demand for houses. ... This meant that some industries were take over by the government and had money injected into them. ...

• Word Count: 1542
• Approx Pages: 6
• Grade Level: High School

It's hard to live a normal healthy without a job and money. ... It also prevents one from doing many things and activities, even though their amount of leisure time has increased. ... Twenty thousand dollars may seem like a lot of money to some people, but with no income that money gets spent before you know it. ... The stress of not having anything to do and having no money may start to build. ... It becomes a much bigger issue than just having no money. ...

• Word Count: 691
• Approx Pages: 3
• Grade Level: High School

One reason was that there was increased manufacturing output during the period. ... The bulk benefit of the increased productivity all went on into corporate profits and this created an unstable economy in that the profits were inflated. ... This allowed the rich men to keep most of their money; now, a man with a million dollars could only pay $200 thousand dollars instead of $600 thousand. ... If someone wanted to just put down money for 100 shares and borrow money for 900 more, they would be buying $85000 dollars of RCA, paying only $8500 of it, and their stock would go up to $4.2 million...

• Word Count: 887
• Approx Pages: 4
• Grade Level: High School

The movie showed the increasing abolishment of discrimination against minorities and women. The movie also illustrated how much we worked, when we worked, what we worked for, and what we bought with our money. ... Blacks and Hispanics found job opportunities increase, as the century grew older. ...

• Word Count: 400
• Approx Pages: 2
• Grade Level: High School

The power of the federal government increased as it took on new roles; promoting the general and economic welfare of the nation, and regulating business and finance to guarantee they would be socially responsible. ... The size of the bureaucracy increased as new agencies were created (CCC, FERA, SEC, etc.) ... The Home Owners Loan Corporation lent money to families so they could pay off their mortgages. This influx of money kept the banks from going under and prevented people from losing their homes. ... Many believe that the government's involvement with the citizens' money was bo...

• Word Count: 1049
• Approx Pages: 4
• Has Bibliography
• Grade Level: High School

The Means test was set up to basically save the government some money. ... Wireless sales increased with 11 million in British homes by 1939. Daily paper sales were increasing and new shops were opening, e.g. ... All had the task of providing goods to a population with money to spend. ... House building and buying increased. ...

• Word Count: 1656
• Approx Pages: 7
• Grade Level: High School

The logical is that when people have more money, they will spend it creating a stimulating economy. ... The greater or the longer people are without, the more money they have to give out for people that qualify for unemployment benefits. ... The tension from overall unemployment can increase general health issues. It can create trouble at home, increasing the number of divorces. ... Crime, violence, suicide cases can all increase. ...

• Word Count: 1235
• Approx Pages: 5
• Grade Level: High School

Thousands of investors lost large sums of money and many people lost everything. ... The Great Depression ended as nations around the world increased production of war materials for World War II. This provided jobs and put large sums of money back into circulation. ...

• Word Count: 405
• Approx Pages: 2
• Grade Level: High School

Due to the demands of the war, automobiles, radio and their parts were being built in large quantities causing the workforce to increase. From 1925-1929, the average worker output per worker in these industries increased 32% in manufacturing, and the wages for manufacturing increased at one fourth as fast as the productivity increased. ... While the automotive industry was booming, the agriculture was declining steadily and our nations loans were increasing to Europe. The misdistribution of wealth in the 1920's existed in many levels, money was distributed di...

• Word Count: 912
• Approx Pages: 4
• Has Bibliography
• Grade Level: High School

Many repairs were needed all over Europe so the money had to be sought elsewhere. This money was sought in the Americas almost exclusively. Since America had continually been increasing it's industrial power, it had an enormous amount of capitol to invest as it saw fit. Many private (as well as federal) institutions began lending money to Europeans in astronomical amounts. ... To compensate these workers the German government printed huge amounts of new money. ...

• Word Count: 2446
• Approx Pages: 10
• Grade Level: High School

The growth driven by an increasing flow of immigrants from all around the world which created our especially diverse nation. ... One being, that our country is very fortunate in having ample food and money. ... Those resources we don't have right at our fingertips we have the ability and the money to be able to purchase them over seas. ...

• Word Count: 562
• Approx Pages: 2
• Grade Level: High School