3/1 Great Depression Flashcards

1
Q

buying stock with borrowing money.

A

Margin Buying

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2
Q
  1. The largest protest occurred at this place in May of 1932 when the Bonus Army protested because they did not receive their WWI pension bonuses
A

Washington D.C.

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3
Q

Hoover’s Secretary of the Treasury who supported laissez-faire economics.

A

Andrew Mellon

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4
Q

pants pockets that are empty and turned inside out.

A

Hoover Flags

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5
Q

a government agency, established by Hoover to help farmers during the Depression.

A

Federal Farm Board (FFB)

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6
Q

wrote a book about finding a perfect society (Utopia) in Tibet.

A

James Hilton

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7
Q

Date of the stock market/ beginning of the Great Depression

A

October 29, 1929

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8
Q

a Mexican who came to the U.S. and became a prominent activist against discrimination in America.

A

Josefina Fierro De Bright

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9
Q

What the day of the stock market crash is referred to as

A

Black Tuesday

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10
Q

the natural ups and downs of business and the economy

A

Business/Economic Cycle

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11
Q

4 Phases of Business Cycle

A

(STARTING AT THE LEFT SIDE OF THE CIRCLE AND GOING UP) Recovery/Growth, Peak, Recession, Depression

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12
Q

an upward trend in stock prices.

A

Bull Market

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13
Q

when the customers of a bank or other financial institution withdraw their deposits at the same time over fears about the bank’s solvency.

A

Bankrun

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14
Q

the Democrat who would follow Hoover as President in 1932.

A

Franklin D. Roosevelt

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15
Q

The term used to define the 1920s, one of the most prosperous decades in American history.

A

Roaring 20’s

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16
Q

the highest tariff in History.

A

Smoot-Hawley Tariff

17
Q

act of 1935 provided unemployment and old-age benefits.

A

Social Security Act

18
Q

Another name for a Shantytown

A

Hooverville

19
Q

downward trend in stock prices.

A

Bear Market

20
Q

a public service project that was built to give people jobs and serve the public.

A

Hoover Dam

21
Q

Hoover’s philosophy which said that success comes through free enterprise and individual effort.

A

Rugged Individualism

22
Q

ethnic societies that would help each other when someone was in need.

A

Mutualistas

23
Q

gave people government jobs to help bolster the economy and reduce unemployment.

A

New Deal

24
Q

a government agency that used $2 billion to support US businesses.

A

Reconstruction Finance Corporation (RFC)

25
Q

Optimism economy (Always go up)

A

True/False

26
Q

Suicide Rate (Higher for Males)

A

True/False

27
Q

lines of people waiting to receive food given by the government or charitable organizations. (True/False)

A

Breadlines

28
Q

FDR’s Wife (Eleanor Roosevelt; One of the most active first ladies)

A

True/False

29
Q

Dust Bowl (True/False)

A

Great Plains

30
Q

won the Nobel Peace Prize for writing about tough life, and tragic events.

A

William Faulkner

31
Q

Who did America blame for the depression? Some beliefs about the economy on whether to act or not act. (Define the terms you use)

A
  1. America blamed Herbert Hoover
  2. President Hoover believed that society would naturally pull its economy out of the dirt,
  3. short-lived business cycle phase.
  4. laissez-faire (buying on borrowed money leading to empty banks)