Chapter 9

Question 1

Stock Market

Answer 1

system for buying and selling shares of companies

Question 2

Bull Market

Answer 2

long period of rising prices

Question 3

Margin

Answer 3

a type of buying stocks. They only made only a small cash down payment

Question 4

Margin Call

Answer 4

become sensitive to falling prices

Question 5

Speculation

Answer 5

bet market, hope it rises, sell quickly

Question 6

Bank Run

Answer 6

money depositors get their money out

Question 7

Installment

Answer 7

paid overtime, credit card

Question 8

Black Tuesday

Answer 8

October 29th, 1929

Question 9

Hawley-Smoot Tariff

Answer 9

aimed to protect American manufacturers from forign competition but it damaged American sales aboard

Question 10

Bailiffs

Answer 10

court officers

Question 11

Okie

Answer 11

migrants from Oklahoma

Question 12

Hobo

Answer 12

homeless, unemployed Americans

Question 13

Soap Opera

Answer 13

short dramas that were nicknamed soap operas because the sponsors were often makers of laundry soap

Question 14

Public Works

Answer 14

government - fianced building projects

Question 14

Reconstruction Finance Corp.

Answer 14

created to make loans to banks, railroads, and agricultural institutions

Question 15

National Credit Corp.

Answer 15

opened in Oct. 1931 which created a pool of money to enable troubled banks to continue lending money in their communities

Question 16

Relief

Answer 16

money that went directly to impoverished families

Question 17

Foreclose

Answer 17

the residents at a home are evicted and a bank reclaims the property

Question 18

Bonus Army

Answer 18

veterans that want their bonuses early

Question 19

Reasons for the Stock Market Crash

Answer 19

declines in consumer demand, overproduction and rampant speculation

Question 20

Causes of the Great Depression

Answer 20

1) Low Interest Rates > Federal Reserve kept low, companies borrowed money and expanded
2) Overproduction > more goods produced than could be sold
3)Uneven Distribution of Wealth > not everyone could afford consumer goods
4)High Tariffs >restricted foreign demand for American goods
5) Falling Demand
6)Stock Market Speculation

Question 21

Shantytowns/Hoovervilles

Answer 21

shacks on unused or public lands, forming communities that were set up by newly homeless people

Question 22

Dust Bowl

Answer 22

big drought in the midwest U.S. and made many people leave

Question 23

Alfred E. Smith

Answer 23

four-time governor of NY and the first Roman Catholic ever nominated to run for president

Question 24

Herbert Hoover

Answer 24

wins election of 1928
opposes direct relief

Question 25

Walt Disney

Answer 25

released cartoons such as Mikey Mouse and Snow White in 1937

Question 26

John Steinbeck

Answer 26

novelist who added flesh and blood to journalists’ reports of poverty and misfortune

Question 27

William Faulkner

Answer 27

an author who shows what his characters are thinking and feeling before they speak

Question 28

Margaret Bourke-White

Answer 28

a photojournalist who’s pictures, displayed in Fortune magazine, showed the ravages of drought

Question 29

Marx Brothers

Answer 29

comedic actors

Question 30

Henry Luce

Answer 30

a TIME magazine publisher who introduced LIFE, a weekly photojournalism magazine that was quickly successful