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Great Depression
Great Depression 7th Grade Texas History
| Question | Answer |
|---|---|
| What is the Great Depression? | worldwide economic crisis during the 1930s |
| Causes of the Great Depression (3) | stock market crash, bank failures, drought |
| Why didn't Texas feel the Great Depression until 1932? | Most owned farms and could grow their own food; oil industry was good; construction was high |
| What is the stock market? | the buying and selling of stocks as shares in companies |
| What is an economic depression? | a period of economic decline characterized by high unemployment, high prices, and a lack of economic production |
| What is the Dust Bowl? | A drought in the 1930s that turned the Great Plains very dry. |
| What were 6 effects of the Great Depression? | $26 billion lost in stock market; 25% unemployment; cotton prices dropped to 5 cents; people lost all their money in banks; people lost their jobs; people lost their farms |
| How did the boom and bust cycle impact agriculture during the Great Depression? | Cotton prices dropped to 5 or 6 cents a pound. No one could afford to sell at such a low price and many lost their farms |
| What were some ways people tried to help those impacted by the Great Depression? | Charities; soup kitchens to feed homless/starving |
| What was the name of the national government plan to get America out of the Great Depression? | New Deal |
| What is Black Tuesday? | October 29, 1929, day when stock market lost 16% of value. Sometimes thought of as the beginning of the Great Depression |
Created by:
JClay4
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