Great Depression

Question 1

Herbert Hoover (1928) beliefs

Answer 1

Optimistic with US economy with the idea of prosperity forever

Question 2

Dust Bowl

Answer 2

Agriculture fields with out stopping farming meant sever droughts and dry climates in the 1930s. “Black Blizzards” block sun and dirt is in drifts. Farmers left so there was recovery.

Question 3

Agriculture Crisis

Answer 3

Overproduction in WW1 made US in debt because of the decline of need after the war. The Farm Board was created to buy surplus crop

Question 4

Paper Economy

Answer 4

Stock and national prosperity. Under-consumption, too much credit, stocks bought “on-margin” (10%less than price), bank foreclosures, unemployment, trade collapses, and republican gov does little to help.

Question 5

Hoover fails

Answer 5

Gov shouldn’t interfere to ease depression. Direct federal relief: made a vast bureaucracy inflated the budget and urged US to pick itself up

Question 6

Rugged Individualism

Answer 6

Success depended on individual effort and individual enterprise

Question 7

Discontent with Hoover

Answer 7

Communists and socialists condemned capitalism. (Hunger march at the Ford Autoplant near Detroit).

Question 8

Hoovervilles

Answer 8

Shantytowns

Question 9

Hooverblanket

Answer 9

was a newspaper

Question 10

Hooverflags

Answer 10

if you had your pockets inside out

Question 11

Hoover’s actions

Answer 11

$700 million boulder dam project for new jobs, electricty and flood control in Southwest.
Reconstruction Finance Corp: 2 billion emergency finance of banks and large corporations for trickle economics

Question 12

Election of 1932

Answer 12

Hoover vs. Franklin Delano Roosevelt. FDR won