The Great Depression Flashcards

1
Q

Who was elected in 1929 to be president?

A

Herbert Hoover

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2
Q

When Hoover was inaugurated how was trade, industry and the economy doing?

A

It was booming

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3
Q

Before the end of the year the ________ collapsed

A

stock market

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4
Q

hoover was a firm believer in _______.

A

capitalism

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5
Q

Did not believe in a _____ government, however he did see federal government playing a ______ role.

A

big

larger

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6
Q

By 1929, the country was buying more ______ called ________.

A

stock

speculation

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7
Q

People bought and sold their _______ in large corporations, which meant they owned a part of the company.

A

shares

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8
Q

If the company made profits, share owners received ___________.

A

dividends

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9
Q

If dividend grow, the value of shares ________.

A

increases.

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10
Q

By the late 20s people started buying on ________ to buy stocks.

A

margin

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11
Q

As long as stock prices were going ____, people made money.

A

up

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12
Q

_________ is when stocks began to fall.

The date was _______.

A

black Thursday
10/24/29
October 24 1929

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13
Q

_________ was when 16.5 million shares changed hands and prices fell steeply.
The date was ________.

A

Black Tuesday
10/29/29
October 29 1929

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14
Q

Despite its suddenness, the stock market’s breadth and depth were not __________felt.

A

immediately

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15
Q

what was the biggest initial problem after the stock market crash.

A

unemployment

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16
Q

Hoover put his faith in this, a policy whereby problems could best be solved at local and state levels.

A

localism

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17
Q

a good word to describe president hoovers response to the great depression

A

cautiously

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18
Q

in 1928, this man was nominated by the republicans to be their presidential candidate.

A

hoover

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19
Q

This “army” was made up of WW1 veterans who wanted bonuses promised to them by congress to be paid to them.

A

bonus

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20
Q

The man who defeated hoover in the 1932 presidential election

A

Franklin D. Roosevelt

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21
Q

Last name of the person Hoover put in charge to take care of the WW1 veterans marching on Washington to get their bonuses.

A

MacArthur

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22
Q

Who wrote the Grapes of Wrath?

A

Steinbeck

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23
Q

This act gave railroads and large businesses more than a million dollars of government loans to help them during the depression.

A

RFC

Reconstruction Finance Cooperation

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24
Q

refugees were referred to as this, regardless of their origin.

A

Okies

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25
Uneven ________ of the nation's wealth created economic problems.
distribution
26
________ was this swath of parched earth that were hard hit regions of the drought.
Dust Bowl
27
The Great Crash represented another hallmark of the nation's business _______, which explained the economic growth and contraction of the economy.
cycle
28
_________ project was a massive public program that brought much-needed employment to the southwest during the 1930s.
Hoover Dam
29
Last name of the British economist who argued that the lack of government interference in the economy led to the depression.
Keynes
30
To move or direct someone toward the same purpose
converge
31
Last name of the democrat nominee for president in 1928. He had been the governor of New York.
Smith
32
It could be said that the president Hoover's programs to relieve the nation of the Great Depression relied to much on __________.
voluntary cooperation.
33
Group that did not share the economic growth of the 1920s.
farmers
34
It became clear that too much money was being poured into stock _________. Investors were gambling, often with money they did not even have on stock increases to turn quick profits.
speculation
35
Congress passed the _______________ which raised prices on foreign imports to such a level that they could not compete in the American market.
Hawley-Smoot Tariff
36
These workers did share the economic growth of the 1920s.
Industrial workers
37
Easy _____ during the 1920s hid problems in Amrican's economy.
Credit
38
What was it called when factories couldn't sell products, workers were laid off, workers lost their savings so they couldn't buy anything.
snowball effect
39
By 1932, _____ in every _____ were out of work
1 of 4
40
Some lived in cardboard houses called ______
Hooverville
41
During this time did the divorce rate increase or decrease?
decrease
42
What was hoovers original job?
Mining engineer
43
What did hoover try to do to mitigate the effects of the depression?
Large scale public works projects
44
Where did farmers experience drought and what was this area called?
the great plains | the dust bowl
45
What year did the dust bowl begin?
1934
46
What major cities were hit by the dust?
New York, Chicago, Boston
47
What were some of the states that made up the dust bowl?
Oklahoma, Texas, Kansas, Colorado
48
What "did the farmers in"?
extended drought, loss of top soil, high winds
49
What did farmers do in response to the dust stroms?
they fled
50
Who was hoovers secretary of treasury?
Andrew Mellon
51
What did Andrew Mellon say do to in response to the depression?
That the government should do nothing
52
What did he call on to help feed the hungry?
Charities
53
Andrew Mellon got businesses and leader to promise to do what?
Keep up wages and keep factories going
54
Hoover cut his presidential salary by how much?
one fifth
55
Hoover also cut ____taxes
income
56
In 1929, congress passed a law to create the federal _____ board
farm
57
The problem was that the farm board could not control _____?
Production
58
Who did the board lend money to? They also bought excess ______ and ______?
farmers | wheat and cotton
59
Congress passed the _____ in 1930 which boosted tariffs on more foreign goods.
Hawley-Smoot Tariff
60
The unemployed striked back by breaking into______, standing with ______to drive off the sheriff who came to seize their land, and going on ____ marches
stores pitch-forks hunger
61
The _____ went to Washington DC to demand their bonuses
bonus army
62
The bonus army was made up of ______ and president Hoover got ____ to help get rid of them
veterans | MacArthur
63
In the 1932 election Hoover ran against and lost to who?
Franklin D. Roosevelt
64
Franklin Roosevelt was the _______ of _______and he attacked republicans for allowing what?
democratic governor of New York | Stock Speculation
65
What did Roosevelt want repealed? What did Roosevelt want to be distributed more fairly? He planned on recovering through _____?
Prohibition Products of Industry Experimentation