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The Great Depression
Questions
| Question | Answer |
|---|---|
| What was the Great Depression? | Manys jobs failed and workers were then unemployed, farmers prices fell and thats when people became homeless and hungry. A severe drought began and was called the Dust Bowl and this caused farms in ruins. Stock markets crashed in 1929, then banking syste |
| What were three causes of the Great Depression? | The stock market crash of 1929 - The Federal Reserve failed to prevent the collapse of the banking system - High Tariffs discouraged international trade |
| What is a tariff? | a tax |
| How did the US having high tariffs hurt international trade? | “Tariffs made the imported goods more expensive” |
| When other countries saw we had high tariffs on some of their goods, what did they do? | They did not export |
| What is the Federal Reserve? | The nation’s central bank, established by the federal government. Its job is to make sure the nation’s regular banks are being operated properly by their owners and managers. The Federal Reserve also is supposed to make sure the nations money supply is ma |
| Is the Federal Reserve still around? | Yes |
| What was/is a run on a bank? | reserve banking system that has many people demanding to withdraw their money |
| Why didn't the banks just give everyone his or her money back when they asked for it? | They gave it to other people in need for loans and they would get the money back when they could. |
| If someone didn't have any money in the bank or stock market, they were not affected by the Great Depression,right? | Right |
| See questions #11, explain your answer. | People with money in the bank lost their money and there was no way to get it back, and people without any money in the bank didn’t lose any money. |
| Who was president when the Great Depression started? | Herbert Hoover |
| What did he think was going to happen with the money problems in the country? | He thought people could help themselves without the governments need |
| Was he right? | No |
| Who was president next? | Franklin Roosevelt |
| What was his program called? | The New Deal |
| Where did many homeless people set up camp when they lost their homes? (What did they call those places?) | Hoovervilles |
| How long did the Great Depression last? | 1930 - 1939 |
| We know for sure that FDR's programs cured the Great Depression? | He did not |
| What was the Dust Bowl? ( I'll start you off, "The Dust Bowl was an area of the country that...) | The area of the Great Plains that was hit by the severe drought (low rainfall) that lasted through most of the 1930s. As the land dried out, high winds often blew topsoil into huge dust storms. |
| What did many farmers have to do if they had farms in the Dust Bowl? | Many farmers moved to California to harvest crops there |
| Was the Dust Bowl a cause of the Great Depression? | Yes |
| What caused the Dust Bowl? | A severe drought |
| What was a fireside chat? | were a series of thirty evening radio addresses given by United States President Franklin D. Roosevelt between 1933 and 1944 |
| What percent of US workers were unemployed during the Great Depression? | 25% |
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