Great Depression Flashcards
Why did the Bonus Army protest?
They supported the patman bill and president Hoover did not pass it
What was a main factor for creating the Dust bowl?
Bad farming practices, land misuse and drought
What were the causes for the great Depression?
Bank failures, stock market crash, lack of the supply for money
What best describes FDR’s New Deal programs?
Relief for the needy, financial reform, economy recovery
Which of the following is a reason for bank failures?
People withdrew a lot of money at once from the bank, and the banks did not have enough money.
Banks invested in stocks failed, people lose a lot of money
The gross national product was cut in half
What did Hoover do to help ease the Great Depression?
He started his actions before the next election.
- Negotiated agreements with private entities
- National Credit Corporation: helped with bank failures
- Lowered mortgage rates
- Emergency funds for businesses
