chapter 19 section 2

Question 1

much of prosperity fueled by

Answer 1

industry

Question 2

European farmland

Answer 2

destroyed during the war

Question 3

1918 Peace- demand for certain crops _____ and agricultural prices ________

Answer 3

fell

dropped

Question 4

farmers ________ and now had problems _______

Answer 4

made very little money

paying their debts

Question 5

protectionism (also called ___________)

Answer 5

economic nationalism

Question 6

protectionism

occurs when

Answer 6

nations tries to protect domestic industries by limiting trade with others

Question 7

to protect industries, nations

Answer 7

established tariffs on the import of goods

Question 8

market speculation -

Answer 8

risky investments in the stock market

Question 9

stock market- organization

Answer 9

through which shares of stock in companies are bought and sold

Question 10

company issues stock to

Answer 10

raise money for its business

Question 11

1920s- stock prices ______ and investors made ________

Answer 11

soared

made large profits

Question 12

October 29, 1929- Black Tuesday- sudden sell off drove

Answer 12

stock prices tumbling

Question 13

When was black tuesday

Answer 13

October 29, 1929

Question 14

many stocks (overnight) became

Answer 14

worthless

Question 15

savers rushed to

Answer 15

banks to withdraw their savings

Question 16

banks didnt have

Answer 16

adequate cash reserves to honor withdrawals

Question 17

banks demanded

Answer 17

that borrowers repay their loans

Question 18

thousands of banks and customers

Answer 18

forced into bankruptcy

Question 19

collapse of stock market marked beginning of

Answer 19

worldwide depression

Question 20

overproduction

Answer 20

farms and factories produced more than the people could buy

Question 21

bank failures were because

Answer 21

banks loaning large sums of money
borrowers could not repay their loans
1929-1932- over 5,000 banks in the United States closed

Question 22

downward trend (3)

Answer 22

many businesses closed
wages were cut and layoffs occurred
huge unemployment figures

Question 23

unemployment in the United States -

Answer 23

12 million out of work- 25%

Question 24

herbert Hoover

famous quote

Answer 24

1928

“Prosperity just around the corner”

Question 25

"Ride the Rails"

Answer 25

homeless jobless teenagers hitching rides on trains

Question 26

how many teens left home

Answer 26

250,000

Question 27

"Hoovervilles"

Answer 27

shack villages put up by homeless

Question 28

"Hoover Flags"

Answer 28

men would take their pockets and turn them out to signify they had nothing

Question 29

"Hoover Blankets"

Answer 29

people that were sleeping on whatever they could find to cover up with

Question 30

"Hoover Leather"

Answer 30

pieces of cardboard cut out as soles for people's shoes

Question 31

"Hoover Stew"

Answer 31

the very thin stew served in soup lines or kitchens. Low in nutrition and has very bare flavoring.

Question 32

1932 Presidential election-

Answer 32

Franklin Roosevelt defeated Hoover

Question 33

Brain Trust-

Answer 33

Roosevelt surrounds himself with college professors, experts, statisticians, and economists to figure out ways to fix depression

Question 34

bank holiday-

Answer 34

closed every bank in America

Question 35

Emergency banking Relief act

Answer 35

government would decide which banks were strong enough to stay open

Question 36

Fireside chats

Answer 36

Roosevelt's radio addresses to the people of the United States. He assured the people.

Question 37

new deal

Answer 37

government program to combat great depression

Question 38

hundred days (March 9th- June 16th 1933)

Answer 38

Congress and the president passed legislation

Question 39

goals of the new deal | 3R's

Answer 39

relief- for the unemployed recovery- get businesses, banks, and industries going reform- make sure this does not happen again

Question 40

civilian Conservation corps

Answer 40

Put young men planting trees, working in parks, and building bridges

Question 41

Tennessee valley authority

Answer 41

built dams in the Tennessee valley, resulted in jobs and hydroelectricity

Question 42

federal emergency relief association

Answer 42

protected a depositor's money in the bank up to a certain amount.

Question 43

rural electrification project

Answer 43

brought electricity to rural areas

Question 44

agricultural adjustment admin

Answer 44

pay farmers not to grow certain crops

Question 45

social security act

Answer 45

pensions for retired, elderly, disabled, handicapped, survivors