Unit 5 quiz (The boom and the bust) Flashcards

1
Q

The Boom refers to the decade of

A

1920s

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

List good things that came from the 1920s

A

increased personal freedom, increased wealth, dancing, jazz, radio

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

List bad things that came from the 1920s

A

40% americans in poverty, economic crisis, unemployment

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

John green says that “the 1920s gave us the worst economic crisis of all time.” Is that a fact or an opinion? (defend your answer)

A

Its an opinion because even though many were suffering and unemployed, or were having heavy taxes, not everyone suffered, especially the very rich, who still had lots of money after the stock market crash.

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

“The chief business of American people is _______”

A

buisness

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

who said,”The chief business of American people is business”?

A

Calvin Coolidge

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

The presidents elected in the 1920s were all from which party?

A

The Republican Party

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

John Green said that Warren Harding wasn’t corrupt, he just surrounded himself with corrupt people. What other president does this remind you of?

A

U.S. Grant

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

Productivity improved in the 1920s because industries (factories) adopted which technology? (what and who was it made by)

A

Moving assembly line perfected by Henry Ford

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

Name some labor saving devices that were invented during the 1920s

A

Vacuum cleaners, toasters, refrigerators, radios

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

Name four celebrities that achieved great fame during the 1920s

A

Enrico Caruso, Charlie Chaplin, Rudolph Valentino, Babe Ruth

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

Which NYC neighborhood became an important cultural center for Black America during the 1920s?

A

Harlem

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

What does the concept of “The Marketplace of ideas” mean? (who said it and why)

A

Oliver Wendell Holmes said it and he thought there was a value of freedom of speech that citizens should be able to express.

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

By the end of the decade, the USA was producing 85% of the worlds ____, and 40% of the worlds ______________.

A

cars, manufactured goods

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

Name the “Big 3” automobile dealers that came out of the 1920s.

A

Chrysler, Ford, GM

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

The Boom is the decade of?

A

the 1920s

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

The Bust is the decade of?

A

the 1930s

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

The war is? (what decade)

A

the 1940s

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

The narrator states that the Boom was bought using?

A

credit

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

____ percent of Americans in 1929 have no savings at all.

A

80%

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

The narrator says that some stocks are valued at ___ times what they are really worth.

A

50

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

Why were stocks so overvalued?

A

because interest rates were artificially low

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

the stock market crash happened in?

A

1929

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

The stock market lost __ times more in cash in __ weeks than the US government uses in a year

A

12, 3 weeks

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
25
Q

What percentage of US population owned stocks in 1929?

A

2%

26
Q

The video illustrated a ___ on The Bank of the United States.

A

run

27
Q

By 1933, there were __ states without a single bank.

A

28

28
Q

The “Roaring 20s” is famous for?

A

Jazz age, Dance age, and Age of Prohoibition

29
Q

Jazz Age

A

New style of music, Louis Armstrong, New Orleans, Jazz and Blues

30
Q

“The red scare”

A

palmer raids, communists kill the last Czar and communism is spreading in Russia (worried it will come to USA)

31
Q

The Monkey Trial

A

Small Tennessee town teaching Darwin’s theory vs Bible story of Evolution (creationism wins) (Basically science vs Religion)

32
Q

The Great Depression

A

“Black Thursday” (stock market crash), no money, poverty

33
Q

Name the “Great Crash” long term causes.

A

Interest rates were low, Buying on the Margin (borrowing to invest), Overvalued stocks & “the bubble”

34
Q

Red scare main idea

A

Russian communists rebelled and killed the Czar, Americans are held in jail and not allowed the constitutional rights, worries that Russian communism will spread to America

35
Q

The Twenties Roar main idea

A

New inventions made impacts like the lightbulb, dancing, and jazz. The twenties were a good time.

36
Q

The monkey trial main idea

A

more $ and prosperity = more establishment, ACLU founded protecting civil rights in U.S., the “equal time” in school

37
Q

All that Jazz main idea

A

new saaz music used everywhere, jazz growing even after depression, Jazz pioneers.

38
Q

Lucky Lindy main idea

A

“rising” of planes (more flew), plane can now reach distances across oceans, the 1st trip over the atlantic, Charles Lindbergh

39
Q

Depression and war pt 1 main idea

A

stock market rising and falling, no money = nothing bought, farmers destroy crops, millions of Americans in Hoovervilles, Government money not helping

40
Q

Depression and war pt 2 main idea

A

FDR becoming president + backstory, famous “New Deal”, gave opportunities to raise class, gave jobs to unemployed

41
Q

Why Prohibition of Alcohol was tried and failed (3-4 sentences)

A

tried to save drunk driving, abuse, accidents, and to stop men from spending $ on drinks. Failed because people like alcohol, sold illegally on black market, law reflect the morals/value of society

42
Q

How the Fed helped cause the stock market to crash (3-4 sentences)

A

Artificially keeping interest rates low. (brick example) pumping money into the economy, and businesses expand thinking they will have enough money, but they don’t and fail.

43
Q

Federal Reserve System (Fed)

A

Central bank of the US

44
Q

the 1920s were the __ decade where urban citizens _________ ________ in USA

A

1st decade, surpassed rural in USA

45
Q

Name the States affected by the dust bowl.

A

Texas, Oklahoma, New Mexico, Colorado, Kansas, Nebraska (partially south dakota and wyoming)

46
Q

The US presidents during the great depression.

A

Herbert Hoover and FDR

47
Q

Hoovervilles

A

a shantytown built by unemployed Americans during the Great Depression

48
Q

Unemployment rate during the Great Depression

A

25% unemployment rate and peaked at 1933 (when Hoover was president)

49
Q

Depression within the Depression

A

When unemployment rate was starting to improve, and then it spiked up again

50
Q

Bonus Army

A

veterans who wanted immediate pay for their service during the great depression

51
Q

Smoot-Hawley Tariff act

A

Increased tax on goods coming to America, so Americans would not buy foreign goods. Backfired when other countries increased tax on American goods.

52
Q

“Buying on Margin”

A

investing using a loan (money that’s not yours). You will have to pay the loan back. (Why the depression was so large)

53
Q

Flapper

A

young western women who bobbed their hair and wore skirts, dancing to jazz music at bars (often secret bars bc prohibition of alcohol)

54
Q

The Charleston dance

A

dance of the 1920s

55
Q

Louis Armstrong

A

popular jazz musician (played the trumpet)

56
Q

“The Great Migration”

A

the movement of 6 million African Americans out of the Southern US to the Northeast Midwest US.

57
Q

Charles Lindbergh

A

First to fly solo and nonstop across the Atlantic Ocean

58
Q

Calvin Coolidge

A

“Silent cal” dry sense of humor and never spoke unless he needed to (party story)

59
Q

New Deal

A

FDR program that set up government jobs for 4 million unemployed Americans.

60
Q

Social Security

A

Most popular New Deal program that still exists today, Old age pension

61
Q

Interest rate

A

the price of money