The Great Depression Flashcards
became president in a landslide win over Alfred E. Smith in 1928
Herbert Hoover
Hoover was ___________and head of the ___________ ________________
Secretary of Commerce; Food Administration
The _____________ is a system for buying and selling stock in corporations
Stock market
A long period of rising stocks is known as a
bull market
A market condition in which prices of securities are falling, thus causing pessimism in the market known as a
Bear market
___________ is the act of buying stocks at great risk with the anticipation that the prices will rise
Speculation
buying stock by paying only a fraction of the stock price and borrowing the rest
Margin
On October 24, a day that came to be called_____ _______, the market plummeted further than three days earlier
Black Thursday
The following week, October 29, a day that was later dubbed ________ _________ prices took the steepest dive
Black Tuesday
The_________ _______ is a measure of the value of leading industrial companies
Industrial Index
A _____ ___ is caused by persistent and heavy demands by bank’s depositors, creditors, or customers to withdraw money
bank run
____________ was a factor leading to the onset of the Great Depression
Overproduction
The ____________ __________ raised the average tariff rate to the highest level in American history
Hawley-Smoot Tariff
__________ _________ _________ kept its rates low throughout the 1920s
Federal Reserve Board
A ___________ is a sustained, long-term downturn in economic activity in one or more economics
depression
An __________ _________, which is a slowdown in economic activity over the course of a normal business cycle
economic recession
People who were evicted built _____________
Shantytowns
Another name for shantytowns is ___________
Hoovervilles
The federal government launched _________ to send poor immigrants back to their home countries
repatriation drives
A vast _______ _______ stretched from the Dakotas to Texas
Dust Bowl
People who survived would catch _________ _________
Dust pneumonia
The dust storms would be called ________ _________ or ________ _________
black blizzards or black rollers
John Steinbeck wrote _____________ and _________ ______ _________ based on the Dust Bowl
Of Mice and Men;The Grapes of Wrath
_________ _______ would write folk music based on his experiences
Woody Guthrie
Because many migrants were from Oklahoma, they became known as _______
“Okies”
Walt Disney produced the first feature-length animated film, _________________, in 1937
Snow White and the Seven Dwarfs
In 1939, MGM produced the _______ ____ ____, the first movie in color
Wizard of Oz
Would hear stories of superheroes like the__________
Green Hornet
