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Great Depression/ Dust Bowl Flashcards | StudBud
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Great Depression/ Dust Bowl
Great Depression/ Dust Bowl
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Questions
40
Answers
1
What is buying on margin
Democratic presidential candidate in 1928
Law that keeps prices above a set level
Buying stock by paying only a portion of the full cost
United States that lasted from 1929 through the 1930s
2
Why did many banks fail after the stock market crashed.
stock market never crashed
they had free shopping money
people was not panicking
people panicked about the situation so they took their money out the bank
3
Reconstruction finance corporation
10 thousand for emergency
1 billion for emergency financing for banks, railroad and life insurance
2billion for emergency financing for banks, railroad and life insurance co.
100billion for emergency
4
What happened to children, babies, and children
they were okay
gained education
faced health problems and they lacked from education due to the dust bowl
NONE
5
What was the bonus army
Group of veterans who marched to Washington DC in 1932
nothing
extra money for army veterans
group of veterans went on a trip
6
What is price support
Law that keeps prices above a set level
Law that raised taxes on imports and worsened the Depression
Index of stock prices of select companies
Law that keeps prices above a set leve
7
What was dangerous about how Americans bought stock
made a lot of money
Nothing was dangerous about stock
It was open for everyone
They were using borrowed money and it's risky.
8
What is Speculation
Period of bad economic
Short-term loans to buy goods with promises to pay later
Investments in high-risk ventures
Law that keeps prices above a set level
9
Who is Alfred E. Smith
Law that keeps prices above a set level
Democratic presidential candidate in 1928
Investments in high-risk ventures
A decrease in the general price level of goods and services
10
Where did these families move to?
West Coast
NONE
IDK
Stayed
11
Where is Herbert Hoover from? what state?
Washington
Indiana
West Branch, Iowa
Minnesota
12
Why did people wear goggles and masks
because they wanted to
it was for unnecessary purposes
for fashion
to protect themselves from the dust
13
What are soup kitchens
NONE OF THE ABOVE
where unemployed people worked
place where free or low cost food is served to the needy
a community service
14
What happened during Black Tuesday
Nothing happened
all lights were out
Prices went up
Prices went down and money has been lost
15
What problems did the industry go through that helped cause the Great Depression.
Farmers faced low prices for their crops because of over stocking
Left people with limited buying purchases
Many industries made more goods than what consumers could buy.
Rise of unemployment led to consumers spending.
16
What problems did the stock market go through that helped cause the Great Depression.
ALL OF THE ABOVE
It led people to poverty
Many people lost their savings in their banks.
Made business fail
17
Difference between deflation and Inflation
Deflation prices are declining, Inflation prices are increasing
Prices are steady
something with prices going up
the same thing
18
What day is Black Tuesday?
July 4
November 28
October 29
September 16
19
What is the Hawley-Smoot Tariff Act
loans to buy goods with promises to pay later
price level of goods and services
Law that raised taxes on imports and worsened the Depression
portion of the full cost up-front with promises to pay the rest later
20
What did Hoover do for farmers?
federal farm board
ALL OF THE ABOVE
assist farmers in response to the economic challenges of Great Depression
Agricultural Marketing Act 1929
21
What is the term "rugged individualism" coined by Hoover?
Loan Bank Act
federal farm board
describe his belief in self-reliance and the idea of individualism
Liberians
22
What problems did the agricultural go through that helped cause the Great Depression
industries made more goods then what consumers could buy.
lost savings
Farmers faced low prices for their crops because of over stocking
Limited purchases
23
How do you make a deflation sandwich?
False
True
24
What political party is Herbert Hoover in
Green
Democratic
Republican
Liberians
25
What is Black Tuesday
Short-term loans to buy goods with promises to pay later
Index of stock prices of select companies
Law that raised taxes on imports and worsened the Depression
October 29, 1929, the day the stock market crashed
26
What is Hoovervilles
A town
A dusty area
A shantytown built by the unemployed and destitute people during Depression
A place where people stayed during the Great Depression
27
What is the Dow Jones Industrial Average
Index of stock prices of select companies
A decrease in the general price level of goods and services
Investments in high-risk ventures
Law that raised taxes on imports and worsened the Depression
28
What are Shantytowns
A normal town
rich class people
A town full of employed people
Are hoovervilles where poor and unemployed people lived
29
What region of the country was affected by the dust bowl?
WV, VA, NYC
NJ, RI, DC
Texas, Oklahoma, Kansas, Colorado, and New Mexico
Vegas, LA, Florida
30
Does the boulder dam provide water outlets for LA AND LV
False
True
31
What was the Dust Bowl
NONE OF THESE
a dusty bowl
A drought in the 1930s that turned the Great Planes very dry
An field filled with grass
32
What problems did the farmers face in the 1920s
nothing
they went through inflation
not enough people to work
They suffered from deflation
33
What is Deflation
A decrease in the general price level of goods and services
Buying stock
Investments in high-risk ventures
Law that keeps prices above a set level
34
What is credit
Law that raised taxes on imports and worsened the Depression
Investments in high-risk ventures
Period of bad economic
Short-term loans to buy goods with promises to pay later
35
What was the Great Depression
Bad economic times in the United States that lasted from 1929-1930
high-risk ventures
buy goods with promises to pay later
raised taxes on imports and worsened the Depression
36
What modern day companies were able to survive the Great Depression
restaurants
car companies
nothing
Coke, John Deere, Colgate
37
What is Direct relief
deflation
none of the above
inflation
average family in NYC thier direct relief was $2.39
38
Herbert Hoovers creation
Boulder Dam/ Hoover Dam
bonus army
Tariff act of 1989
Loan Bank Act
39
What problems did the distribution of wealth go through that helped cause the Great Depression.
Half of the economy could not afford to spend due to economic growth
ALL OF THE ABOVE
Left sompeople with limited buy purchases
middle and lower class struggled
40
What problems did the consumer spending go through that helped cause the Great Depression.
decline towards consumer spending helps economic recovery.
Rise of unemployment led to consumer spending more.
ALL OF THE ABOVE
tons of business were forced to close
