WHY II CH 14 Review

What term refers to government aid provided to individuals and families in need during the Great Depression?

Who was the President of the United States when the Great Depression began?

What was the primary purpose of the Hawley-Smoot Tariff Act?

Which candidate ran against Herbert Hoover in the 1928 Presidential election?

Buying on margin improved the overall health of the stock market in the late 1920s

Which government agency was established by the Federal Home Loan Bank Act to provide support to the housing market?

Black Tuesday refers to the day when the stock market crashed, marking the beginning of the Great Depression.

What term describes makeshift communities of homeless people during the Great Depression?

Credit played a significant role in the economic boom of the 1920s, allowing people to buy goods on installment plans.

The Great Depression was a short-lived economic downturn that lasted only a few months.

The Dust Bowl was a severe drought and dust storm event that primarily affected the Midwest during the Great Depression.

The Barney Smith Industrial Average is a stock market index used to measure the overall health of the stock market.

What was the name of the project, later known as the Hoover Dam, where President Hoover provided jobs and electricity?

Which event is often considered the starting point of the Great Depression?

What term describes the practice of borrowing money to buy stocks?

Speculation in the stock market is buying & selling stocks with the hope of making a quick profit due to rising prices.

The Hawley-Smoot Tariff Act was a piece of legislation aimed at reducing tariffs to boost international trade.

Theodore Roosevelt was the President of the United States during the start of the Great Depression.

What term is used to describe the practice of buying stocks with borrowed money, expecting their prices to rise?

Shantytowns were homeless communities during the Great Depression, often consisting of shacks made from scavenged junk

What was the primary goal of the Reconstruction Finance Corporation (RFC)?

Price support was a government policy designed to keep crop prices high by providing financial assistance to farmers.

Breadlines were long queues of people waiting for food and assistance during the Great Depression

Fast food restaurants were established during the Great Depression to provide free meals to the unemployed and hungry

Which event occurred on October 29, 1929, and is often referred to as the "Black Tuesday"?