323: How did the rise of the stock market affect American investors? There was a sharp increase in investment, even among Americans that had never purchased stock before.

324: What were some of the weaknesses of the economy in the 1920s? The gap between rich and poor grew wider, and credit expanded. Many people began to buy stock on margin.

325: Briefly describe the events of the stock market crash from October 24 through October 29, 1929. On October 24th investors began selling stocks at an increasing rate, plunging the value of the stock market. Bankers stepped in to buy stocks and stop the devaluation of the market. But by October 29th,the market experienced such a flurry of selling that it plunged even harder.

332: In what ways did the Great Depression affect many Americans? People lost their jobs and became poor. Many Americans lost their homes. Many people begged, or rode the trains looking for work.

333: How did the Dust Bowl affect Americans? Many farmers lost their livelihoods and fled to California, looking for work.

336: Briefly describe the two key features of President Hoover’s main beliefs about government. Hoover believed in “rugged individualism” and the associative state. The former notes that people should continue to rely on themselves for prosperity, and the latter notes that businesses should form voluntary partnerships for economic benefit.