Ch. 15 And 14 Test Flashcards
What troubles happened to make the economy go down
Industries, farm, consumers, credit, and disparity of income
Why where industries a part of the economic troubles
They overproduced
Why were farms a part of the economic struggles
The produce more than that what they could sell
Where consumers a part of the economic struggles
Americans are buying less
Why was credit part of the economic struggles
Americans were going into debt
Why was disparity of income a part of the economic struggles
The income gap from the rich and the poor
Who was elected in 1928
Herbert Hoover
What is a bull market
A market where stock prices are rising
What is a bear market
Stock prices are falling
What was black Tuesday
When banks closed because everyone tried to get their money all at once
What day did black Tuesday occur
October 29, 1929
When was the great depression and what was it
It was from 1929 to 1941; where the economy plummeted
What where shantytowns
Shacks for the homeless that were built; also called Hooverville
What was the dust bowl
1933 through 1936, from the Dakotas to Texas
What are factors of the dust bowl
Drought, over production of crops, and Highwinds
What were the nickname given to people in Oklahoma
Okies
Rugged individualism
People take care of themselves and not depend on the government
Boulder dam
Outside of Las Vegas, built in 1929
