What is the Federal Reserve Bank?

The central bank where the money is stored

What is the Smoot-Hawley Tariff Act?

Raised the tax on imported goods

What was the purpose behind farmers' cooperatives?

Large groups of farmers could buy materials cheaper., Could raise crop prices to increase wages for farmers

What is "rugged individualism"?

the thought that unnecessary threaten prosperity and spirit

What is Blank Tuesday?

The day the stock market crashed

What was a foreclosure?

Where a person lost their house to the banks.

People who chased hoboes off trains

What is buying on margin?

Paying half a stock and getting it from stockbrokers

What was the effect of the Smoot-Hawley Tariff Act?

Trade plunged, European nations taxed the U.S. really high as well

Why were they called Hoovervilles?

Because many people blamed him for the Great Depression.

Ownership in a company sold in shares.

What are Hoovervilles?

Shanty towns on the outskirts of town

Why was the Hoover Dam created?

To provide energy and safe drinking water

What was the main clause of the RFC?

That $2 billion would be given to banks across the country

What was the purpose of the Federal Home Loan Bank?

To encourage home building and less foreclosures

What is associative state?

Voluntary partnerships between businesses and government

What jobs were hit hard by the new found prosperity in the 1920's?

The factory workers., Farmers and coal miners, The railroad workers

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The Great Depression

25 termsStudBud Administration357 plays

Chapter 21 The Great Depression

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Questions 25

Answers

1
When did the stock market crash?
Fall of 1928
Spring of 1928
Spring of 1929
Fall of 1929
2
What is the Federal Reserve Bank?
The way Americans got money
The central bank where the money is stored
A program to save money
The bank in the White House
3
What is the Smoot-Hawley Tariff Act?
Raised the tax on exported goods
Raised the tax on imported goods
4
What was the purpose behind farmers' cooperatives?
Large groups of farmers could buy materials cheaper.
To stop farmers' fights over goods
Could raise crop prices to increase wages for farmers
To make prices higher for farmers
5
What is "rugged individualism"?
the thought that unnecessary threaten prosperity and spirit
Calvin Coolidge's personality
How people were supposed to act
Hoover's personality
6
What was the unemployment rate during the Great Depression?
30%
25%
26%
12%
7
What is Blank Tuesday?
The day the stock market crashed
When African American people became free from segregation
When a bunch of oil spilled in the Atlantic Ocean
When everybody dressed in black and opposed the government
8
What was a foreclosure?
The banks moving to a new location.
Where a person lost their house to the banks.
The banks to shut down.
Where a house was made to come alive.
9
What were "bulls"?
People who chased hoboes off trains
PEople who helped hoboes on trains
People who jumped off trains.
10
What is buying on margin?
Paying half a stock and getting it from stockbrokers
buying stock and paying it whole
It's not this one...
getting a loan for the WHOLE stock from a stockbroker
11
What was the effect of the Smoot-Hawley Tariff Act?
Trade plunged
European nations taxed the U.S. really high as well
The goods were really happy with American goods
It was a success and everyone responded well
12
Why were they called Hoovervilles?
Because many people blamed him for the Great Depression.
It is just the name of a town before Hoover came to office.
Because all of the homes were Herbert Hoovers'
BEcause people idolized Herbert Hoover
13
What is a stock?
Ownership in a company sold in shares.
rock on a stick
14
What did the Stock crash do the individuals?
It ruined individual fortunes.
The people spent their money on the remaining stocks
15
What are Hoovervilles?
All Herbert Hoovers' houses.
An actual town in Virginia.
Shanty towns on the outskirts of town
A lot of communities in town
16
Why was the Hoover Dam created?
To look pretty
The government had leftover money that needed to be used
To provide energy and safe drinking water
They were selfishly hogging the water from other places
17
When was credit used a lot?
Early 1800's
During the 1910's
During the 1920's
During the 1890's
18
What was the main clause of the RFC?
The government made other countries pay them
The world would get money
That $2 billion would be given to banks across the country
Banks would have to give the government $2 billion
19
What was the purpose of the Federal Home Loan Bank?
To encourage home building and less foreclosures
The Federal Government got loans to build themselves houses.
Households would loan money to the government.
20
What is associative state?
Voluntary partnerships between businesses and government
Partnerships between business associates
21
What jobs were hit hard by the new found prosperity in the 1920's?
The wealthy 1%
The factory workers.
Farmers and coal miners
The railroad workers
22
What were "Okies"?
migrants from the southeast
Migrants from the midwest
migrants from the northeast
migrants from the Great Plains
23
Who won the presidential election of 1928?
Teddy Roosevelt
Herbert Hoover
Franklin D. Roosevelt
George H. W. Bush
24
What are Hoboes?
Jobless and homeless people on the streets.
Fashionable people who travel.
Boys that played instead of going to school.
Homeless wanderers.
25
Who took over Coolidge's position in the run for president in 1928 for the Republicans?
Herbert Hoover
Harry S. Truman
Theodore Roosevelt
Barack Obama

The Great Depression Flashcards | StudBud