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AH Chapter11 > Study Guide Ch 12 > Flashcards

Study Guide Ch 12 Flashcards

1
Q

What class of people benefited from stock market

A

The rich

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2
Q

Welfare capitalism

A

Employers raised wages and provided benefits such as paid vacations, health , plans that even English class for immigrants without workers having to join a union

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3
Q

Consumers desire for excited new products lead to

A

Buying on credit

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4
Q

What attitude prevailed among Americans who invested in the stock market during the 1920s

A

Get rich quick

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5
Q

What two groups of people suffered during the 1920s before the depression hit

A

Farmers and factory workers

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6
Q

Speculation

A

The practice of making a high-risk investments in hopes of getting a high gain

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7
Q

Buying on margin

A

Allowed investors to purchase stock for a fraction of its value and borrow the rest

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8
Q

What event caused agricultural prices and products to plummet

A

The end of World War One

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9
Q

What took place on October 24, 1929

A

Worried investors begin to still in stock prices fell

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10
Q

What was great crash

A

The collapse of the stock market

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11
Q

After the great crash occurred who was affected

A

Millions of Americans many of whom had never own stocks

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12
Q

Business cycle

A

Periods in which the economy grows then contract

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13
Q

The great depression cost millions of Americans to use their

A

Jobs farms and homes

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14
Q

Why did thousands of banks close after the crash

A

Could not return depositors money

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15
Q

The collapse of the American economic system lead to

A

Worldwide depression

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16
Q

What were the three underlying causes of the Great Depression

A

Over speculation government polices unstable economy

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17
Q

During the great depression wage cuts and unemployment affected who

A

All levels of society

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18
Q

What group of people were hardest hit by the depression

A

Unemployed Labors

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19
Q

Extended family

A

Various family members living under the same roof

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20
Q

What forced thousands of farmers to flee west and take on labor jobs in California

A

Low farm prices and terrible weather

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21
Q

Who was an Okie

A

Poor farmers from Oklahoma going west looking for work

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22
Q

What did a poor diet and anxiety do to the people during the depression

A

Peoples physical and mental health decline

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23
Q

What was a common site in large cities during the depression

A

Soup kitchens and breads lines

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24
Q

During the depression working women were accused of what

A

Taking jobs away from men

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25
Q

Durning the depression many members of minority groups lost

A

Their low-paying jobs to whites

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26
Q

African Americans in the south where denied these civil rights during depression

A

Education voting and healthcare

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27
Q

When Hoover took office in 1929 what did he expect

A

Most Americans expected prosperity to continue

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28
Q

With economics ability in the 1920s what did this do to the Stocks

A

Stocks were rising

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29
Q

Why didn’t Hoover do anything to discourage the wild buying of stocks with borrowed money

A

He had high confidence in the business world

30
Q

What two groups of people suffered during the 1920s before the depression hit

A

Farmers and factory work

31
Q

What is the Dow Jones industrial average

A

An average of stock prices of major industries

32
Q

What took place on October 24, 1929

A

Worried investors began to sell and stock prices fell

33
Q

Great depression

A

A severe economic decline that lasted from 1929 until 1941

34
Q

The collapse of the American economic system lead to

A

Worldwide depression

35
Q

What were the three underlying causes of the Great Depression

A
  1. Overspeculation
  2. Government policies
  3. Unstable economy
36
Q

Extended family

A

Various family members living under the same roof

37
Q

What caused the rise in homelessness during the depression

A

People losing their jobs

38
Q

Hooverville’s

A

Shanty towns, made up of crates, cardboard, or any scrap material

39
Q

Hoover blankets

A

Newspapers

40
Q

Hoover flags

A

Empty pockets

41
Q

Hoover leather

A

Cardboard liner to put in a shoe to cover a hole

42
Q

How did family suffer during the depression

A

Food prices dropped and farmers couldn’t pay their mortgage

43
Q

What happened to the farmers when they couldn’t pay their mortgage

A

Banks foreclosed and had auctions

44
Q

Dust bowl

A

Great plains where drought and dust storms took place in 1930

45
Q

What forced thousands of farmers to flee west and take on labor jobs in California

A

Low farm prices in terrible weather

46
Q

During the depression many members of minority groups lost

A

Their low-paying jobs to whites

47
Q

African Americans in the south were denied the silver rights during the depression

A

Education
Voting
Healthcare

48
Q

What activity did many Americans avoid during the depression

A

Buying on credit

49
Q

What did farmers agree to do in some farmer communities if a farm was auctioned off

A

To keep it low

50
Q

Name political group that gain some support during the depression

A

The Socialist party

51
Q

Why

A

Called for a gradual social and economic changes rather then revolution

52
Q

What was the common goal for those people involved in radical or reform movement during the depression

A

To work together for social justice

53
Q

21st amendment

A

Repealing prohibition

54
Q

Why did most Americans welcome repeal

A

Curb on gangsters

55
Q

Who took control of alcohol consumption

A

The states

56
Q

What was one Drammatic symbol of hope during the depression

A

Empire State building

57
Q

Who became laborers number one enemy during the 1930s

A

Henry ford

58
Q

Al Capone

A

Arrested for tax envasion and sent to prison

Died of syphlis

59
Q

Babe Ruth

A

Retired from baseball in 1935

60
Q

In 1932 what tragedy replied to the nations distressed condition

A

Someone kidnapped and murdered infant son of Charles Lindbergh

61
Q

How did Hoover feel what is the best way to end the depression

A

Voluntary controlled by the US businesses

62
Q

What causes international trade slow down during the depression

A

Passing Hawley Smoot tariff in 1930

63
Q

What was the purpose of the Reconstruction finance Corporation

A

Gave government credit to bank so they could extend loans

64
Q

Bonus army

A

World war one veterans wanted immediate payment of pension bonus that had been promised for 1945

65
Q

How did Hoover get the bonus march is out of Washington DC

A

General Douglas Mac Arthur to use force

66
Q

What did Franklin d Roosevelt promise Americans in his campaign for president

A

New deal

67
Q

What was the name of his campaign song

A

Happy days are here again

68
Q

Why did Americans like FDR

A

Optimism
Charm
Compassion

69
Q

What were FDR’s credentials

A

Graduated from Harvard university, New York state senator, governor of New York

70
Q

As governor of New York he had experience in starting what programs

A

Relief programs

71
Q

Why was 1932 election a turning point in the role of government in American society

A

Government played more important roles with people in society

AH Chapter11 (3 decks)

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