Brainscape's Knowledge GenomeTM


Top Flashcards (Certified)
All Flashcards

U.S. History > The Great Depression > Flashcards

The Great Depression Flashcards

1
Q

What are the several factors in a consumer economy?

A 
higher wages
new products
clever advertising
lower costs
widespread availability of credit
How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

1920-1929–

What prospered for the United States?

A

higher wages

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Americans owned ______% of the world’s wealth.

A

40

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

The average annual income rose how much?

A

35%

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

What was a new product that changed the landscape of the country?

A

automobile

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Automobiles built us cities like ___________, ____________, ___________, _____________.

A

Detroit, Akron, Dearborn, Flint

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

T or F

Automobiles further isolated the rural family.

A

F, liberated**

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

What was the only automobile made during this time called?

A

Model-T

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Who developed the first automobile to be purchased by consumers?

A

Henry Ford

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

manufacturing process in which each worker does one specialized task in the construction of the final product

A

Assembly line

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Because of the mass production of automobiles, what happened to the value of each one?

A

they cost less

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

________________ making became nation’s biggest single manufacturing industry of 1920s.

A

Automobile

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

What helped inform the public of new products?

A

clever advertising

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Ad agencies hired psychologists to study how to appeal to people’s desire for ____________, ____________, ____________ and ______________.

A

youthfulness, beauty, health and wealth

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Before the 1920s, most Americans paid ________ for everything.

A

cash

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Because the new products were presented as very expensive to people, and no one had the money to pay for them, they used what?

A

loans

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
17
Q

customers make partial payments over a period of time until debt is paid

A

installment plans

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
18
Q

What fueled the growth of consumer spending?

A

buying on credit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
19
Q

what made buying on credit acceptable to public?

A

clever advertising

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
20
Q

T of F

Buying on credit encouraged to buy all kinds of products.

A

T

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
21
Q

depends on increased spending, causing larger profits for businesses, and creating bigger wages

A

Consumer Economy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
22
Q

The uneven prosperity only made the _______ that got richer.

A

rich

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
23
Q

How did the government tax policy contribute to the imbalance?

A

taxes were cut for the wealthy

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
24
Q

What two things became customary?

A

installment plans && buying on credit

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
the practice of making high-risk investments in hopes of getting a huge return
speculation
26
What kinds of people were playing the stock market && spending their life savings?
commonly just the wealthy, but ordinary citizens were getting involved too
27
allowed investors to purchase a stock for only a fraction of its prices and borrow the rest
buying on margin
28
Country's warehouses were ___________________.
overstocked
29
too many goods= too little ___________
demand
30
Although wages rose, consumers were still unable to what?
afford to buy goods as fast as the assembly turned them out
31
an average of stock prices of major industries
Dow Jones Industrial Average
32
T or F | Stock deals with putting your money directly into a company.
T
33
a "stake" that you own from a company is called what?
a "share"
34
What changes as the stock market also changes?
the value of your share
35
The stock market continues to go up and then peaks September 3, _____?
1929
36
Prices soared far above their _______ value.
real
37
company's earnings and assets
real value
38
When was Black Thursday?
October 23
39
stock prices fell slowly.... | some brokers called in their loans and others continued to what?
loan out more money
40
On October 23, the Dow Jones average dropped how many points in an hour?
21
41
worried investors did what after the Dow dropped?
sold their shares
42
How did bankers stop the panic and help stabilize for a few days?
they pooled money to buy stocks
43
How many shares were sold on Black Tuesday?
16.4 million >> a new record
44
What was known as the Great Crash?
the collapse of the stock market
45
Did the Crash only last one day?
NO, continued for a while
46
By November 13 how many losses were made?
$30 billion
47
a span in which the economy grows then contracts
The Business Cycle
48
the lowest point of The Business Cycle is called what?
Depression
49
Throughout the 1920s banks loaned out huge sums of??
$$$$$$
50
After the Crash, businesses were unable to repay ________ after the Crash.
loans
51
The banks called in their loans, but customers did not have what?
the cash to pay
52
Why did so many people make bank runs after the Crash?
feared that the banks would run out of money-- had to make withdraws
53
withdraws could only be made if what was paid?
loans
54
the bank could not get money fast enough to keep up with the demand of what?
withdraws
55
what two major things led to bank failures?
bank runs and unpaid loans
56
in just a few years, how many banks were shut down?
5,500
57
What wiped out any savings people had left?
bank failures
58
T or F | In 1933, money from 9 million savings accounts vanished.
T
59
After the Crash, production was cut down by a lot, why?
businesses could not borrow money to produce to goods
60
Most people were unable to buy ___________ after the Crash.
products
61
As unemployment rose what happened?
business cut production and laid off workers
62
T or F | consumers spent less and less $$$$.
T
63
An unstable economy was unevenly distributed-- meaning??
rich got richer
64
industries produced more products than what they could _______.
sell
65
buying stocks with borrowed money
over-speculation
66
used the stocks as ____________ to buy more stocks
collateral
67
an item of value that a borrower agrees to give up to the lender if the borrower cannot repay the loan
collateral
68
Federal Reserve limited the money supply for what purpose?
to discourage lending in 1929
69
There was too little money in circulation to help the economy ___________.
recover
70
People of _________ levels of society were affected.
ALL
71
homeless people that built shelters out of scraps
"Hoovervilles"
72
Why were they named "Hoovervilles"?
they were named to mock President Hoover who many blamed for not resolving the crisis
73
What was the Dust Bowl?
located in the central and southern Great Plains region; so much soil and dirt blew around this area
74
farming practices stripped soil of protective layer- creating what?
erosion
75
most severe of the dry years
"Black Blizzards"
76
dirt was carried ________ to New York, D.C., and New England
east
77
What went on for seven years?
drought, winds, and devastated farms
78
___% families lost their farms.
60
79
many families migrated where to look for relief?
California
80
When did many recover from the Dust Bowl?
not until rains came in the 40s and WWII brought up farm prices
81
How did the Dust Bowl effect people's health?
physical and pschological
82
What did the psychological effect lead to?
anxiety, depression, and suicides
83
Who suffered the most after the Dust Bowl?
children
84
thousands of children were in _________ _______.
bread lines
85
what disease was rising after the Dust Bowl?
tuberculosis
86
living conditions changed for many crowded what?
houses//apartments
87
What did many men do during this time?
they were embarrassed of lost jobs, not able to support family, and some abandoned family
88
What were women accused of?
taking jobs away from men
89
What were many women worried about?
feeding children and providing money if abandoned
90
general rise in _____________ against minorities.
hostility

U.S. History (11 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2025 Bold Learning Solutions. Terms and Conditions