HIST 162 Final: Chapters 20 & 21 Key Terms
12 Feb 2017
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Prohibition 18th amendment ratified january 16, 1919. John w. davis democrat 136. Senator ( fighting bob ) lafollette 13 from his home state of wisconsin. Attempt to solve reparations problem of wwi. Plan to lend germany money to help them pay. Alfred e. smith democrat 87. Designed to help farmers help themselves - hoover. Sought to help farmers in buying, selling, and storing agricultural surpluses, (farmers cooperative) Created several agricultural cooperatives to stabilize prices. Grain stabilization corporation and cotton stabilization corporation 1930. Created by the farm board to bolster sagging prices by buying surpluses. Farmers wanted a higher tariff to help them. Raised tariffs for many foreign products to 60%, but increased international chaos, economic isolationism. Share prices on the new york stock exchange completely collapsed, becoming a pivotal factor in the emergence of the great depression. Partially triggered by british raising interest rates. Areas of poor people living in tents.
