clios notes gd nd Flashcards
5 causes of gd
unregulated financial institutions, overproduction, high tariffs, maldistribution of wealth, bad monetary policies
banks and stock market; unstable groups took money
unregulated financial institutions
when investors borrow money from broker to buy stocks. resulted in overvalued stocks
on margin
a nickname for 10/29/29, when many pulled out of stocks
black tuesday
when companies make too much or consumers buy too little
overproduction/underconsumption
passed in the 20s and 30s to protect american business
high tariffs
an act used to protect american business but instead resulted in a trade war
smoot-hawley tariff act
the rich and poor gap was wide in 20s, and wealthy can only consume so much
maldistribution of wealth
the fed implemented these (like more expensive borrowing), making depression worse
bad monetary policies
a result of farmers planting on thin and dry soil. created dust storms after windy drought
dust bowl
people from oklahoma and arkansas respectively. most headed west to escape dust bowl
okies and arkies
folk singer-songwriter who mostly wrote about socialism and anti-fascism
woodie guthrie
an american realist novel related to the south in the gd. written by john steinbeck
the grapes of wrath
he wrote the grapes of wrath
john steinbeck
ran for cali gov to eliminate poverty
upton sinclair
conservative republican president from 29-33
herbert hoover
corp made by hoover to loan businesses money
reconstruction finance corperation (rfc)
homeless encampments/shantytowns named to mock hoover
hoovervilles