boom and bust Flashcards
war that followed the bust (1930)`
ww2
80 percent of Americans in 1929 have no ______________ at all
savings
A major cause of the Great Depression was the ________________ artificially manipulating interest rates.
Federal Reserve
The AAA (a New Deal Agency) had ___________ (give the #) pigs slaughtered and burned
6.4 mil
closest to the highest rate of unemployment during the Great Depression
25% (1in 4)
states that were directly affected by the “Dust Bowl” that hit the Great Plains
Texas
Oklahoma
Colorado
Kansas
Nebraska
What were “Hoovervilles”
homeless citizens built shantytowns in and around cities across the nation. These camps came to be called Hoovervilles, after the president
What was the Bonus Army
10,000- 25,000 WW1 veterans + families converged on Washington, D.C., demanding immediate bonus payment for wartime services (because of hardships in great D)
How were farmers affected by the low prices of wheat? (mid-late 1920s)
many farmers went bankrupt and lost their farms
What is “Buying on margin”
getting a loan from your brokerage and using the money from the loan to invest in more securities than you can buy with your available cash
What is Social Security
a social insurance program consisting of retirement, disability and survivor benefits
Name the 2 the presidents during the Great Depression
Herbert Hoover, Franklin D. Roosevelt
What is a Flapper
young Western women in the 1920s who wore short skirts, bobbed their hair, listened to jazz, “unacceptable behavior”
“The chief business of the American people is ____________.” Who said this?
business, Calvin Coolidge
This section focused on Communism and its spread to the USA
The Red Scare
