chapter 22-The Great Depression Flashcards
The _____ tariff was implemented in the early 1930s that to protect American business from foreign competition which led to retaliatory tariffs and a further slowing of the world economy and a deepening depression.
Hawley-Smoot Tariff
Over _____ and under _____ were the root cause of the Great Depression in the US
supply during the 1920s….low consumer demand
This occurred in the great plains during the 1930s leading to a worsening of the Great Depression.
Dust bowl caused by a drought.
During the 1920s, people purchased items they could not pay for using this unique for the time period purchasing scheme.
installment buying…by now, pay over time
The stock market experienced an extended and unnatural ______ market during the 1920s.
Bull or increasing stock market
The stock market crashed on this day.
October 29, 1929 or Black Tuesday
This was President Hoover’s program to loan money for public works programs but was too little and too late to make a meaningful impact to end the Great Depression.
Reconstruction Finance Corporation (RFC)
President Hoover was reluctant to pump government money into the economy to ease the suffering of the Great Depression because he worried about ______
Government budget deficits…when government spends more money than it has.
President Hoover believed that Relief for people suffering from the Great Depression should be _______ in scope, not ______.
Local programs…not national programs
A ______ was the name for shantytowns of unemployed hobos that seem to grow in size during the Great Depression.
Hoovervilles
A _______ occurs with too many people all want access to their savings at one time and occurred with greater frequency than ever before in 1932 was the Great Depression worsened.
Bank run when banks have to close their doors because they no longer have cash to give to depositors.
The _______ party organized many hunger marches as protests against the worsening of the Great Depression.
Communist party
Many people called ______ migrated to California seeking employment and to escape the Dust Bowl of the midwest during the 1930s.
Okies…because many came from the drought impoverished state of Oklahoma
The _______ wanted their promised pensions paid in 1932 rather than in 1945 and thus came to Washington to pressure Congress into granting some type of relief.
Bonus Army
General _____ was sent by President Hoover to disperse the Bonus Army from their protests in Washington D.C. in 1932.
General Douglas MacArthur