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The Great Depretion

QuestionAnswer
What do we call the period from 1920 to 1929? Why do we call it that? The roaring 20's.
What does it mean to “buy something on credit”? It means to buy for some amount and pay it back later.
What is a stock? A stock is a share of business.
Why do people buy stocks? So they can sell it at a higher price.
What happened on October 29, 1929? What happened on October 29, 1929?
What does prosperity mean? Prosperity means wealth.
What does depression mean when referring to the economy? It means that all the money's gone and everyone is panicking.
True or False: Just the US was affected by the Great Depression. Why do you think this is? False because the magazine stated that.
What is a mortgage? A mortgage is loan for a house.
Who was elected president in 1928? How did he feel about the stock market crash? Herbert Hoover was elected as president in 1928. He didn't care if anyone was worried about the stock market crash.
What is interest? Why do banks charge interest? It is extra money to buy the house.they charge it to earn more money.
What was the nickname given to the shelters people built out of anything they could find? It was called Hoovervilles.
Which organization tried to provide cheap food to unemployed people? The organization was called alphabet soup.
What did World War I veterans try to do in 1932? Were they successful? They tried to get the bonus that they were supposed to get
How did the government respond to the WWI veterans camping out in the capital? They didn’t like it.
What was the name of the song written by E. Y. Harburg during the Great Depression? The name of the song is Brother Can You Spare A Dime.
Who became president in 1933? Franklin D Roosevelt.
How many people in the US were unemployed in 1933? About one-quarter of the US were unemployed
What did people call the broadcasts that the president gave? Why did they help? They called them fireside chats.
What nickname did people give the programs designed to get people back on their feet? Why did they use this nickname? They called it alphabet soup.
What was one of the most successful programs of the New Deal? Civilian Conservation Corps
What did Roosevelt want to do instead of just giving money to unemployed workers? He wanted to give people jobs instead of money
What is a deficit? A debt that happens when the government spends more money than it takes in
What were “runs” on banks? When people panicked and tried to take all of their money out of the bank
In May of 1938 how many people were still out of work? 11 million people were still out of work.
What does it mean for workers to go on strike? It means that they refuse to work until the working conditions got better.
Why did the Supreme Court rule against some of Roosevelt’s programs?
It is based on the idea that people who invest money in a business should get most of its profits.
Created by: user-2041922
 

 



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