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Great Depression
Causes and Effects of the Great Depression
Question | Answer |
---|---|
What is debt? | money that is owed |
When was the Great Depression? | between 1929 and 1930 |
What were characteristics of the Great Depression? | high unemployment, decreased prices, decreased buying power |
What is unemployment? | being without a job or a way of earning a living |
What were major factors that caused the Great Depression? | economic weakness, unemployment, failed banks and businesses |
What is a drought? | long period of no rain. The midwest experienced a long drought which made farm land dust land. |
What is the Dust Bowl? | The Midwest experienced a six year drought and poor farming practices that created unmanageable farms |
Where did people leave to escape the Dust Bowl? | Midwest |
Where did people move to escape the Dust Bowl? | California |
Who were Okies? | those traveling from the Midwest to California during the Dust Bowl period. They were very unwelcome and unwanted. |
What are shantytowns? | Hoovervilles = makeshift homes built from scrap lumber and empty boxes in parks and other places |
People took out loans to buy stocks which is called ________ led to the Great Depression. | stock market speculation |
Which event in history is seen by many people as the beginning of the Great Depression? | Stock Market Crash of 1929 |
Who was the president at the time of the stock market crash in 1929? | Herbert Hoover |
The government intervened to __________ migration from the area. | prevent |
Which state was greatly affected by the Dust Bowl? | Oklahoma |
What did the Dust Bowl cause? | The Great Depression |
Overproduction in factories, overproduction by farmers, unpaid war debts and the stock market crash caused what? | The Great Depression |
What was a major cause of the stock market crash? | Stock owners began to panic when stock prices fell. |