The Great Depression & New Deal

Question 1

Consumer Credit

Answer 1

an arrangement in which a buyer pays later for a purchase, often an installment plan with interest charges

Question 2

Hawley-Smoot Tariff

Answer 2

established that the highest protective tariff in U.S. history, worsening the depression in America and abroad

Question 3

Stock Market

Answer 3

The stock market is the market in which shares of publicly held companies are issued and traded either through exchanges or over-the-counter markets.

Question 4

Buying on Margin

Answer 4

the purchasing of stocks by paying only a small percentage of the price and borrowing the rest

Question 5

Bank Failures

Answer 5

after the stock market crashed, people tried to pull out their savings that were invested in the stock market. Because of Laissez faire the gov did not protect or insure bank accounts so millions of people lost their money. 11,000 of 25,000 banks failed by 1933.

Question 6

Black Tuesday

Answer 6

October 29, 1929 was the day stock prices fell sharply

Question 7

Hoovervilles

Answer 7

hooha

Question 8

Dust Bowl

Answer 8

the regions of Texas, Oklahoma, Kansas, Colorado, and New Mexico, that was make worthless for farming by drought and dust storms during the 1930s

because of overproduction from WW1, the farmers plowed the lands and removed a protective layer of