The Great Depression Flashcards
In the 1920-1930s what did banks do with your money?
They invested your money into many ways of credit such as giving loans and putting money in the stock market.
When was the first fireside chat delivered?
March 12, 1933
How did plows help farmers in the 1930s?
The plows could be mounted on tractors to be lifted at the end of each row.
How did planters help farmers in the 1930s?
They distributed seeds quicker and more accurately
How did mechanical cultivators help farmers in the 1930s?
Farmers could drive the cultivators through tightly spaced rows.
How did harvesters help farmers in the 1930s?
Farmers could harvest easier and faster with the wheat harvester which was invented in 1935. The corn and soybean harvesters were not to far behind.
How many shares were sold on Black Tuesday?
16,410,030 shares
Stocks by what year were 20% of their 1929 value?
So if a stocks value was $150 in 1929 what was it’s value in 1932?
1932
150 x .20 = 30
What was FDIC?
Federal Deposit Insurance Corporation
How did the FDIC change in 2008?
They increased the amount your bank account was insured up to $250,000
Who was Franklin D. Roosevelt?
He was the 32nd President of the United States. He served for 8 years.
What was a fireside chat?
A series of radio broadcasts given by Franklin D. Roosevelt to inform and relax the nation.
About how many acres were affected by the Dust Bowl?
Over 100 million acres.
What was a hobo?
It was somebody who jumped onto trains illegally to reach jobs far away.
About how many people became Hobos?
An estimated 2 million people.
