The Great Depression Review Flashcards
During the Great Depression, __ sprang up on the outskirts of many neighborhoods
Hoovervilles
A __ lasting several years contributed to severe loss of topsoil in the Great Plains
drought
Without deposit insurance, many people lost their savings when their __ failed
banks
Lenders __ on, or took over ownership of, thousands of farms during the Great Depression when their owners could no longer make their loan payments
foreclosure
__ who took to the rails during the Great Depression faced many dangers
hoboes
The region of the Great Plains hardest hit by the combine effects of careless agricultural practices and harsh weather was the __
Dust Bowl
Migrants from the devastated areas of the Great Plains were insultingly called __
okies
A __ was the term for when nervous depositors rushed to their bank to withdraw their savings before the bank failed
run
One result of the Great Depression was high __ since many people lost their jobs when businesses had to close
unemployment
The songs of singer-songwriter __ described the hardships suffered by the migrants who had to leave their homes in the Great Plains because of the devastation to the land that they had once farmed
Woody Guthrie
place where stocks are bought and sold
stock market
buying stocks with loans from brokers
buying on margin
republican presidential candidate in 1928
Herbert Hoover
the nation’s central bank
Federal Reserve
day that investors dumped more than 16 million shares of stock
Black Tuesday
total value of all goods and services produced in the nation
gross national product
a share of ownership of a company
stock
to purchase something in hopes that its value will grow
invest
democratic presidential candidate in 1928
Al Smith
the measure of how levels of financial resources differ among people in a society
distribution of wealth
Herbert Hoover called his vision of a voluntary partnership between business and government the __
associative state
Some $2 billion was provided to struggling banks and other institutions by the __
Reconstruction Finance Corporation
Herbert Hoover believed that unnecessary govt threatened what he called Americans’ __
“rugged individualism”
An organization that is owned and controlled by its members, who work towards a common goal, is known as a __
cooperative
The large group of veterans who marched on Washington became known as the __
Bonus Army
