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☆☆☆☆☆Cards in this guide (6)
Why did so many banks collapse at the beginning of the great depression
Banks were taking major financial risks, including investing in stocks and bonds. At that time, there were few limits, and fewer regulations, to require banks to be cautious or to protect their customers' money. When the stock market crashed in 1929, many of the banks that had not set aside enough capital to cover their losses in case of an emergency found themselves out of money and had to close; their customers, who in most cases had no idea the banks were making risky investments, also lost everything.
What ecologically devastated area of the country became known as the Dust Bowl
The Great Plains were the area affected by the loss of agricultural land in the 1930s.
The construction of Hoover Dam was the result of what kind of government intervention in the economy
Public Work Program
What part did bootleggers play in the failure of prohibition
Bootleggers sold illegal alcohol to consumers and helped to bypass the laws.
Most Americans who opposed the Ku Klux Klan embraced what notion
that America was a "melting pot"
As the 1920s progressed what happened to farm incomes
They decreased.
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