Chapter 11- The Great Depression

Question 1

Collapse

Answer 1

Economy began to collapse in the year of 1929

A sudden loss in force or value

Question 2

Alfred E Smith

Answer 2

Four time governor of New York

Was a runner for president being catholic interfered

Question 3

Stock market

Answer 3

Being able to buy stocks and make easy money

Question 4

Bull market

Answer 4

Long period of rising stocks

Question 5

Invest

Answer 5

Putting money in something to gain more in the future
Many stocks convinced people to invest into them
10% of American households owned stocks

Question 6

Margin

Answer 6

Buying some stock with your money and borrowing the rest

Question 7

Margin call

Answer 7

Demand by a broker that investors pay back loans made for stocks

Question 8

Speculation

Answer 8

-Act of buying stocks at great risk with the anticipation that the price will rise

Question 9

Black Tuesday

Answer 9

• The day almost 16 million shares of stock were sold

- The stock market lost between $10 billion and $15 billion in value

Question 10

Sum

Answer 10

A specified amount of money

Because of Black Tuesday, some $30 billion was lost, a sum roughly equal to the total wages Americans earned in 1929

Question 11

Bank run

Answer 11

Many people going to the bank at one time, causing many banks to close down for not having enough money to be able to support how much they owed

Question 12

Installment

Answer 12

Being able to buy something on credit then later paying it off
Didn’t help the government at all

Question 13

Suspend

Answer 13

Temporarily to top an operation

1,352 banks had to suspend operations in 1930

Question 14

Bailiff

Answer 14

Minor officer of the courts

They ejected the nonpaying tenants, piling their belongings in the street

Question 15

Hobo

Answer 15

Someone that tried to better their life by traveling on freight trains to get to somewhere better to start new

Question 16

Dust bowl

Answer 16

Because of crop prices dropping in the 1920s, farmers left their fields uncultivated
Then a terrible drought struck the Great Plains
With neither grass nor wheat to hold the scant rainfall, the soil dried to dust
-From the Dakotas to Texas, America’s wheat fields became a vast “Dust Bowl”

Question 17

Walt Disney

Answer 17

first motion picture was Snow White (reflection of the Great Depression)
brought Mickey Mouse to life in 1928

Question 18

Colleague

Answer 18

Someone who worked in a same profession as you
Jimmy Stewart played a naive scout leader who becomes a senator. He exposes the corruption of some of his colleagues and calls upon senators to view American government as a high achievement

Question 19

Soap opera

Answer 19

A serial drama on television or radio

The shows sponsors were often makers of laundry soaps, so the shows were nicknamed soap operas

Question 20

John Steinbeck

Answer 20

A writer who added gouge to his novels adding sympathy for those in poverty

Question 21

William Faulkner

Answer 21

Won the novel prize for literature

Question 22

Technique

Answer 22

A way how to get to a desired destination
William Faulkner used a stream of consciousness technique, exposing hidden attitudes of Southern whites and African Americans in a fictional Mississippi count

Question 23

Grant wood

Answer 23

Painter in the 1930s whose styles were referred to as the regionalist school
His work emphasized traditional American values, especially those of the rural Midwest and South

Question 24

Series

Answer 24

A number of events that come one after another
To devise strategies for improving the economy, Hoover organized a series of conferences, bringing together the heads of banks, railroads, and other big businesses, as well as labor leaders and government officials

Question 25

Public works

Answer 25

Government financed projects

Question 26

Community

Answer 26

People with common interests living in the same areap
The NCC created a pool of money that allowed troubled banks to continue lending money in their communities. This program, however, failed to meet the nation’s needs

Question 27

Reconstruction Finance Corporation (RFC)

Answer 27

Set up in 1932 to make loans to businesses

Question 28

Relief

Answer 28

Money automatically given to prove risked families

Question 29

Foreclose

Answer 29

To take possession of a property from a mortgagor because of defaults on payments
Creditors foreclosed on nearly one million farms between 1930 and 1934, taking ownership f the land and evicting the families

Question 30

Bonus army

Answer 30

Veterans wearing ragged military uniforms trudging along the highways or rode the rails singing old war songs to lobby for passage of the legislation that would authorize early payment of the bonuses