us history chapter 22 notes the great depression begins：22章指出，美国历史上的大萧条开始

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1、U.S.HistoryChapter11NotesTheGreatDepressionBeginsAneconomiccrisisgripsthenationduringtheGreatDepression.PresidentHerbertHoover’sconservativeresponsetothenation’sproblemscostshimmanysupporters.Section1TheNation’sSickEconomyAstheprosperityofthe1920sends,seve

2、reeconomicproblemsgripthenation.EconomicTroublesontheHorizonProblemsbeganthreateningeconomicprosperitybytheendofthe1920sFarmdebt-manyfarmerswereforcedtosellinthe1920'sConsumerdebt-manypeoplewerebuyinggoodsoncreditMoregoodsthenbuyers-pricesrosefasterthanwagesD

3、ecliningTrade-1920'sU.S.raisedtariffsothercountriesraisedtariffstoretaliateImportantindustriesstruggledIncomedisparity-Consumers&farmerswentsteadilydeeperintodebtIndustriesinTroubleKeyindustrieslikerailroads,textiles,steelbarelymadeprofitReplacedbyotherformso

4、ftransportationsMining,lumberingexpandedduringwerenolongerinhighdemandCoalespeciallyhard-hitduetoavailabilityofnewenergysources-Hydroelectricity,fueloil,&naturalgasBoomindustries-automobiles,construction,consumergoodsweakenedHousingstartsdeclined-Affectedmany

5、relatedindustriesFarmTroublesInternationaldemandforU.S.graindeclinedafterwar-pricesdroppedby40%ormoreFarmersboostedproductiontosellmore-CausedpricestodropfurtherFarmincomedeclined&farmersdefaultedonloansRuralbanksfailedCongressattemptedtopasstheMcNary-Haugenb

6、illtohelpfarmers-Price-supports-governmentboughtsurpluscropsatguaranteesprices-PresidentCoolidgevetoedprice-supportbillConsumersProblems1920s-richgotricher&poorgotpoorerPricesrosefasterthatwages70%offamiliesearnedlessthanminimumfordecentstandardofliving-$2500

7、annuallyMostcouldn’taffordfloodofproductsfactoriesproduceManypeoplehadbeenpurchasinggoodsoncredit(buynow,paylater)Businessesgaveeasycredit&consumerspileduplargedebtsConsumershadtroublepayingoffdebt&cutbackonspendingOBJ#1-DescribetheCAUSESandSPARKoftheGreatDep

8、ression.HowdidOverproductionaffectbothfarmersandindustry?Whatsystemcollapsedandcausedmillionstolosetheirsavings?ExplainhowbuyingonMargincreatedtheSpark.Howdidpeoplelosemoneybecauseofthesp