Chapter 15 (The Great Depression)

Question 1

Hooverville

Answer 1

A town of shacks made out of scrap(The name was to make fun of Hoover for not doing anything about the economy)

Question 2

Black Tuesday

Answer 2

October 29th, 1929 16.4 million shares were sold.

Question 3

Business cycle

Answer 3

A cycle in which the economy grows and then contracts.

Question 4

21st Amendment

Answer 4

Prohibition of alcohol

Question 5

Hawley-Smooth Tariff

Answer 5

America raised its import/export tax to protect American industries but failed, causing Europe to raise its taxes.

Question 6

Bonus Army

Answer 6

Veterans were promised a bonus penchant but were refused and were driven out by General MacArthur.

Question 7

Eleanor Roosevelt

Answer 7

First Lady/ Roosevelt’s Wife (Distant cousin of Franklin) She worked for the Public housing legislation, state government reform, birth control, and better conditions for working women. Political worker and social reformer.

Question 8

Hoover

Answer 8

President from 1929-1933 Republican and not generally liked by most Americans after the Great Crash.

Question 9

John Menard Keynes

Answer 9

British Economist that argued massive government spending could help a collapsing economy.

Question 10

1920’s Economics

Answer 10

It was unstable since wealth was unevenly distributed. People would buy stocks with borrowed money with is called margin buying. The Federal Reserve System (Which regulates the amount of money in circulation cut interest rates to spur economic growth but then limited money to discourage lending.

Question 11

Stock Market Crash

Answer 11

Economy was unstable which led to a stock crash

Question 12

Dust Bowl

Answer 12

Southern plains that due to drought were easily clown away.

Question 13

Minority jobs during the great depression

Answer 13

Many were taken away from white men who lost their office jobs that were now looking for labor jobs.

Question 14

Roosevelt’s Philosophy on fixing the economy

Answer 14

Relief, recovery, and reform

Question 15

Hoover’s Philosophy on fixing the economy

Answer 15

That it would fix itself and if the government stepped in it would make citizens not want to work.

Question 16

Farmer’s in the 1920s

Answer 16

Low crop prices and need to buy expensive equipment caused constant and extreme poverty

Question 17

Overproduction of goods in the 1920s

Answer 17

Produced more goods than they could sell since many consumers couldn’t buy goods.

Question 18

African Americans in the 1930s

Answer 18

Moto was “Last hired first fired”

Question 19

Dow Jones Industrial Average

Answer 19

Benchmark index of stocks.

Question 20

Dorothea Lange

Answer 20

American Photographer that influenced the development of documentation Photography and humanized the consequences of the Great Depression.

Question 21

“New Deal”

Answer 21

Series of programs like public work projects, financial reforms, and regulations enacted by Roosevelt.

Question 22

Bank Run

Answer 22

When people found out banks were losing money citizens ran to deposit their savings.