Semester Exam Flashcards
Buying on margin was a method of buying stocks
With borrowed money
As a result of the stock market crash, some bankers suffered more losses than they could absorb and
Closed
During the Depression, charities set up ______ to give poor people meals
Soup Kitchens
During the Depression, most people were able to enjoy which two popular forms of entertainment
Radio and Movies
As creditors foreclosed on neurally one million farms between 1930 and 1934, some farmers destroyed their crops in a desperate attempt to
Raises Prices
When the senate voted won a bill that promised an immediate $1000 bonus to each veteran of World War I, some veterans
Marched on Washington
Stock prices first began to decline in the late 1929 because
Overproduction/Less Profits
During the Depression, newly homeless people put up communities of shack that they called
Hoovervilles
During the 1930’s, many Americans preferred movies, radio programs, and other forms of popular entertainment that
Helped them to escape
The period between March 0 and June 16 1993, when congress passed 15 major acts to meet the economic crisis of the Depression, was called
The New Deal
The Emergency Banking relief Act helped solve the banking crisis by
Shutting down banks to see who were solvent
To regulate the stock market, Congress created the
SEC
The stock market took its steepest dive on October 29,1929 the day now known as
Black Tuesday
By the time of the stock market crash, the government did not insure bank deposits so
People lost their savings
In search of work or a better life, many unemployed
Headed to california