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Stack #4683667
| Question | Answer |
|---|---|
| What do we call the period from 1920 to 1929? Why do we call it that? | It was called the Roaring ‘20s because World war one has ended and people wanted to celebrate and have fun. |
| A stocks are traded [bought and sold] through a stock market. | A stocks are traded [bought and sold] through a stock market. |
| Why do people buy stocks? | People buy stocks because people buy a company’s stock, its price rises. But when people don’t buy a stock, or many sell it, its price falls. |
| What does prosperity mean? | Prosperity means wealth. |
| What does depression mean when referring to the economy? | Depression means times when the economy is not doing well. |
| True or False: Just the US was affected by the Great Depression. Why do you think this is? | False |
| What is a mortgage? | A mortgage is the loan to buy the house. |
| Who was elected president in 1928? How did he feel about the stock market crash? | Herbert Hoover elected president in 1928 and he didn't believe that the government should get involved in business. |
| What is interest? Why do banks charge interest? | An interest is money that people deposit and loaned. |
| What did World War I veterans try to do in 1932? Were they successful? | World War I veterans had been promised a bonus in 1945. |
| How did the government respond to the WWI veterans camping out in the capital? | The government responded to the WWI veterans camping out in the capital by leaving them there but the army chief of staff decided to remove them. |
| Who became president in 1933? | Roosevelt became president in 1933. |
| What did people call the broadcasts that the president gave? Why did they help? | The people called the broadcasts the fireside chats. |
| What did Roosevelt want to do instead of just giving money to unemployed workers? | He wanted to give them jobs. |
| What does it mean for workers to go on strike? | It means by they refused to work until working conditions got better. |
| Why did the Supreme Court rule against some of Roosevelt’s programs? | Supreme Court rule against some of Roosevelt’s programs because they gave the federal government too much power. |
| What is a drought? | A drought is a long period of dry weather. |
| What was the nickname given to the Great Plains? What was it called after the drought? | The nickname given to the Great Plains was The dust bowl but before it was called the Breadbasket. |