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Chapter 8
The Great Depression
| Term | Definition |
|---|---|
| At the end of the 1920s | A cycle of layoffs and business failures began. |
| What caused stock prices to drop in the fall of 1929? | Too many people were selling their stocks. |
| How did bankers try to save the stock market? | by buying large amounts of stocks in important industries. |
| When people went to the banks to get out their savings | the banks had loaned the money, so they could not give it back. |
| The Great Depression was | deeper and longer than any depression before it. |
| Why did President Hoover believe that direct economic relief was not an answer to the depression? | He thought relief should come from state and local government plus individuals |
| Why did farmers leave the Dust Bowl states during the 1930s? | because they were unable to farm the land anymore. |
| During the Great Depression, people who were able to keep their jobs found that | as prices dropped, their money actually could buy more. |
| Which of the following was not part of the New Deal? | tariffs on foreign goods |
| How were farmers assisted by the New Deal? | The Agricultural Adjustment Act increased the prices for their products. |
| In the fall of 1929, | the stock market crashed. |
| A depression is a time | when industries do not grow and many people are out of work. |
| President Hoover had federal troops | drive the Bonus Army out of Washington, D.C. |
| A bureaucracy is made up of | many workers needed to run government programs. |
| Social Security taxes are used | to provide people with a pension when they retire. |
Created by:
slohrenz
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