chapter 31

Question 1

agriculture problems in the great depression

Answer 1

foreign competition
took out too many loans
gov no longer buying surplus crops

Question 2

buying on credit in the great depression

Answer 2

people spent money they didn’t have
no production and layoffs

Question 3

in even distribution of wealth in the great depression

Answer 3

60% of american families below poverty line
rich people saved money

Question 4

overproduction in great depression

Answer 4

factories making too much
lack of govt regulation in business and banks (laisse fair)

Question 5

stock market during the great depression

Answer 5

people buying on margin (paying part in hopes stock will give them enough to pay it back)
over speculation

Question 6

causes of great depression

Answer 6

agricultural problems, buying on credit, uneven distribution of wealth, overproduction, stock market crash

Question 7

cause of the dust bowl

Answer 7

poor farming practices
over planting

Question 8

rugged individualism

Answer 8

hoovers belief that people could solve the great depression by

Question 9

bonus army

Answer 9

WWI veterans were promised a check
they march to washington
herbert

Question 10

andrew mellon

Answer 10

secretary of treasury
republican
believes in trickle down policy (not taxing rich will make econ better)

Question 11

pump priming

Answer 11

fdrs idea
give money to the poor

Question 12

trickle down theory

Answer 12

hoovers policy
give money to the rich

Question 13

1st new deal RRR

Answer 13

Relief : immediate action
Recovery: temporary programs
“priming the pump” improved infrastructure
Reform: permanent programs to avoid future depressions