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Chapter 9 Great Depression Flashcards | StudBud
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Chapter 9 Great Depression
Chapter 9 Great Depression
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1
What caused farmers to leave the Great Plains?
Dust Storm
Buying on Stock
Dust Bowl
Buying on Credit
2
WWI veterans who were to be given a bonus payment in 1945, but wanted it early
Bonus Play
Bonus Pay
Bonus March
Bonus Protest
3
Which groups of people were struggling during the 1920s?
Working Class
Farmers
Urban Americans
Women
4
October 29, 1929, stock market crashes
Black Monday
Black Wednesday
Black Friday
Black Tuesday
5
What helped hide the economic problems during the 1920s?
Buying American only
Buying foreign only
Buying in cash
Buying on credit/margin
6
What did NOT hide the economic problems in 1920s?
Buying on Margin
Consumers stopped buying goods
Most people had jobs
Buying on Credit
7
Period where farms were abandoned and no crops to hold the soil down.
Okies
Tornado
Black Tuesday
Dust Bowl
8
What did Farmers have to do during the GD?
Sell everything
Abandon their farms
Stay in place
Turn farms over to banks that held the mortgage
9
How does Europe respond to Hawley-Smoot Tariff?
Taxed American goods
Made things cheaper for everyone
Cut all ties with America
Raised prices of their own goods
10
Why did the "Bonus Army" march on Washington?
They were told they would get their bonus early
Wanted to be paid bonus payment early
Congress attacked Veterans
McArthur did not want to help veterans
11
Towns where displaced families made homes out of anything they could find
Hooville
Hooverville
Ghetto
Slums
12
Why did prices continue to drop during the GD?
Overproduction continued when people had no money
Transportation came to a standstill
Farms changed to to large institutions
Europe was over supplying the US with goods
13
Who did not believe in direct help or help with Bonus March?
Keynes
MacArthur
FDR
Hoover
14
Farmers who lost their land and moved west to find work
Okies
Hoovers
Texans
Sooners
15
What happened when Federal troops used tear gas and bayonets on veterans?
Dust Bowl
FDIC
Great Depression
Bonus Army March
16
During the 1930s the economy went through what phase of business cycle?
Recession
Contraction
Credit
Expansion
17
Idea not to destroy people's belief in themselves/responsibility/power
Bonus March
RFC
Rugged individualism
Rugged groups
18
Why did Hoover respond cautiously to the Great Depression?
Believe Fed. Govt' needed to be active
Had no experience with business cyles
Thought it would correct itself
Worried about the Dust Storm
19
Why did Americans decide to elect a new leader in 1932?
Farmers began to do well
Congress was very involved in helping others
Congress allowed veterans to be paid early
Hoover's economic policies failed
20
What did John Maynard Keynes believe caused the Great Depression?
Limits on production
Too much oversight of banking system
Strict control on stock speculation
Lack of government intervention
21
How were African Americans affected during the Great Depression?
Faced more discrimination
First hired
Last fired
Found homes easier
22
What was it called when someone buys stock on credit?
Speculation
Stock Option
Buying on Margin
Installment plan
23
Why did the stock market crash?
People believed they made enough money
Unemployment
People lost confidence in stock market and sold shares
Dust Bowl
24
Why were banks first to feel the effect of the Great Depression?
Had too much money
Banks were not trustworthy
People lost confidence in economy.
People kept their money at home
