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8-6.3: Failing Farms in SC Flashcards | StudBud

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Why were banks in South Carolina failing even before the stock market crash of 1929?

Why were northern industrialists attracted to South Carolina in the 1920s?

8-6.3: Failing Farms in SC

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Answers

1
Why were northern industrialists attracted to South Carolina in the 1920s?
ready supply of cheap labor
proximity to the port of Charleston
nearness of factories to raw materials
abundance of railroads
2
Why were banks in South Carolina failing even before the stock market crash of 1929?
People took their money out of the banks
They had made bad investments in stocks.
They could not sell foreclosed farms.
People did not need loans from the banks.
3
How did textile mill owners attempt to combat declining prices?
They improved living conditions in mill villages.
They supported right-to-work laws.
They employed the ‘speed-up’ and the ‘stretch-out’
They paid their workers more so they would be productive
4
In the late 1920s what caused the textile industry in the state to decline?
Fewer textile mills were being built.
There was lower demand and overproduction of textiles.
The invention of electricity reduced employment.
New technologies increased the cost of textiles
5
How did the boll weevil damage the economy of South Carolina during the 1920s?
carried diseases like smallpox and influenza
ruined machinery in the textile mills
damaged the construction of new buildings
destroyed most of the state’s cotton crop
6
In the 1920s and 1930s, how did declining cotton prices impact the farmers of South Carolina?
They could not pay their mortgages and lost their farms.
They moved north looking for work.
They changed to more profitable crops.
They went to school to learn another trade.