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chapter 14 notes
Question | Answer |
---|---|
As the prosperity of the 1920s ended, what gripped the nation? | severe economic problems. |
What increased in the 1920s? | Farmers debt. |
What was one reason for the farming crisis of the 1920s? | Demand for cops fell after World War 1. |
What does buying a stock on margin mean? | borrowing money to help pay for the stock. |
What is known as a speculation? | Buying stocks on the chance of a quick profit without considering risks. |
Within a few years, what led to a dramatic drop in world trade? | The Howley Smoot Tariff Act. |
What was the overall unemployment rate during the great depression? | 25% |
What was the dust bowl caused by? | drought, high winds, and over production of crops. |
What did the great depression cause many children to have? | a poor diet, many families became homeless, and many men became unemployed. |
What was a hoboe? | the name given to men and boys that rode the rails as they searched for work. |
In calling shantytowns "Hoovervilles", people conveyed their disgust with? | Hoover. |
Between 1928 and 1932, what did the suicide rate rise more than? | 30 percent |
What was one long-range effect of the Great Depression? | Many people developed habits of saving and thriftiness. |
After the stock market crash, how did President Hoover try to help the economy? | by asking buisnesses not to lay off employees. |
What is called "direct relief"? | When the government gives payments of food to the poor |
What was Herbert Hoover's approach to the Great Depression based on? | a belief in voluntary cooperation. |
What was the aim of the Federal Home Loan Bank Act? | To prevent farmers and homeowners from losing their property. |
World War 1 veterans and their families made up the Bonus Army that marched on? | Washington |
Who were the candidates for president in 1932? | Herbert Hoover and Franklin D. Roosevelt. |