Great Depression Study Guide Flashcards
Hoovervile
AKA Shantytowns.People named poor places after Hoover. Usually run down area w/ a poor pop.
Bonus Army
WWI vets. who were promised a bonus in 1945. Vets. wanted their payment now(1932). Vets. went to washington and camped out
Dust Bowl
name given to south, great pains were severely damaged by droughts and dust storms during the 1930s. Caused by drought and new tech.
Stock market
where stocks were sold to gain money. black thursday was when the stocks plummetted.
Gone w/ the Wind
1939 drama depicting the civil war & destruction of the south
Black Tuesday
stocks lost 10-15bil
Hobo
people who looked for jobs traveling the rails
how did buying on credit lead to the Great Depression
people couldn’t pay off their credit, since they were spending more than they had to spend
which farming practices in the 1920s helped to cause the great depression
farmers overproduced their goods and overplowed
check this one
where di many farmers, including the Okies, head for a better life?
Moved to CA in search of jobs.
Okies and ‘Arkies’ weren’t welcomed in the west
What happened to banks that couldn’t meet the customers’ demands for money?
banks would fail and close and lose money.
-People were on defult loans( can’t pay back)
-Banks couldn’t cover their deposits b/c it was lent out to bad creditors
people lose their life savings b/c of this
WHy did Steinbeck write “Grapes of Wrath”
protray a damily of okies escaping the dust bowl and effects of the depression, who were mistreated and negleected.
Spread the word of a common, untold story
what happened to customers’ savings when banks went broke in the 1920s
people lost all of their money, life savings
how did radio and movies help people get through the great depression
entertainment provided a temp “get away”, or safe haven from the effects of the depression. Jobs, if they could find them
Describe Hoover’s “trickle down” economic policy
- asked businesses not to cut wages or production
- wanted city and state gov. to fund building projects
- set up Farm Board to lend money to farmers to form co-ops and sell crops as a group