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great depression
chapter 26 section 1
| answer | question |
|---|---|
| herbert hoover | 1928 republican candidate for president |
| 71% | percentage of americans earning less than was needed to live decently |
| speculation | buying and selling stocks quickly hoping to make a profit |
| buying on margin | purchasing stock but only paying a small percentage of the price and borrowing the remainder |
| herbert hoover | he became president in 1928 with the slogan "a chicken in every pot and a car in every garage." |
| septermber 3, 1929 | day the stocks on the new york stock exchange hit the highest point |
| black tuesday (october 29 1929) | largest stock market drop in history, 16.4 million shares were sold at a fraction of their cost |
| 9,000 | number of banks which had gone out of business by march 1933 |
| 25% | unemployment rate in 1933 |
| great depression | from 1929 to WWII |
| european countries | these countries had borrowed money from the US and were also affected by the depression |
| cut government spending, increased taxes, and didn't give Federal relief | 3 actions taken by Hoover to fix the depression which only made it worse |
| Federal relief | government assistance to the poor |
| rugged individualism | Hoover's belief that people must work themselves out of the depression |
| Hooverflags | empty pockets turned inside out |
| Hoovervilles | huts and shacks made out of scraps |
| Public Works Projects | government funded building projects which created jobs |
| Bonus Army | WWI veterans who demanded early payments on their promised bonuses |
| General Douglas MacArthur | general who drove the WWI veterans out of Washington DC |
| too late | Hoover is known as having done "Too little, ___________" |
| Franklin Delano Roosevelt (FDR) | person who won the 1932 presidential campaign |
| stock on the margin | 1st cause of the great depression |
| tariffs | 2nd cause of the great depression |
| overproduction | 3rd cause of the great depression |
| credit | 4th cause of the great depression |
| STOC | way to remember the 4 causes |
| black tuesday | what was the spark of the great depression |
Created by:
xogymnstarox
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