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Ch 21 - The Great De
Ch 21-The Great Depression Begins
| Question | Answer |
|---|---|
| Great National Product, the total value of all goods and services produced in the nation. | GNP or Great National Product |
| System in which companies provided fringe benefits to employees in an effort to promote worker satisfaction and loyalty. | Welfare Captialism |
| Is the ownership in a company and it's value may rise. | Stock |
| A place where stocks are bought and sold | Stock Market |
| To put money into stocks, land, or some other location int he hope that hte value of this money will grow | Invest |
| 1874-2964 He was the thirty first president of the US; he helped helped to save Eurpe from starvation after WWI but as president failed to deal effectively with the Great Depression (Republican) | Herbert Hoover |
| He was Catholic, the first ever to run for president, and drew muc of his support from Catholic urban immigrant populations. Supported alchohol sales. | Al Smith |
| Buying stocks with loans from brokers. | Buying on a Margin |
| The term of a margin loan made the game even riskier for the invester. Under these terms, brokers could force investors to repay their loans, if the stock's value fell below a certain point. This demand is called what? | Margin Call |
| The nation's central bank. | Federal Reserve System |
| Takes actions and sets policies to regulate the nation's money supply in order to promote healthy economic activity. | Federal Reserve Board |
| Economist Roger Babson sounded a warning note. "Sooner or later a crash is coming and it may be terrific" The crash he anticipated was a sudden drop in stock prices, which could devastate those who had borrowed heavily to buy stock. | September 3, 1929 |
| Nervous investors began selling stock. A huge sell off began. It was described by newspapers to be "the most terrfying stampeded of seling ever experienced on the New York Stock Exchange." | Thursday, October 24, 1929 |
| The day the stock market crashed | Black Tuesday, October 29,1929 |
| A homeless person,typically one who is traveling in search of work. | Hobo |
| 1929-1930's the most severe economic downturn in history of the United States | Great Depression |
| When a lender takes over ownership of a property form an owner who has fialed to make loan payments | Foreclosure |
| Makeshift shantytowns that sprung up during the Great Depression | Hooverville |
| A period of dry weather | Drought |
| A nickname for the Great Plains regions hit by drought and dust storms in the early 1930's | Dust Bowl |
| Nickname for a farmer who left the Dust Bowl in search of work | Okie |
| American Singer and songwriter; he wrote and performed songs about the experiences of common people during the Great Depression. He wrote the song "This Land Is your Land." | Woody Gutherie |
| The term for President Hoover's vision of voluntary partnership between bsuiness associations and the government | Associate state |
| A dam built in the 1930's with funding from the federal government to control the Colorado River. | Hoover Dam |
| A organization tha is owned and controlled by its members | Cooperative |
| A program that provided aid to struggling banks and other institutions during the Great Depression | Reconstruction Finance Cooporation |
| 1930 extremely high tarriff on farm products and manufactured goods | Smoot-Hawley Tariff Act |
| Gross Natinal Product (Section One) | Also known as GNP - the total value of all goods and services produced in the nation. |
| What effect did America's mood have on individual's financial decisions? (Section One) | * |
| Defend the widespread American investment in stocks in 1920s.(Section One) | * |
| Name two signs of weaknesses in the American economy in the 1920s.(Section One) | * |
| Why is it significant that much of the nation's welath was ow ned by a small number of people? (Section One) | * |
| How migh the lack of available credit hurt the nation's economy in the 1930's? (Section One) | * |
| What was black Tuesday? (Section One) | Tuesday, Octobe 29, 1929, the day the stock market crashed. |
| Describe how the drop in the stock market brought ruin to so many investors? (Section One) | * |
| Why would an investor who had not bought stocks on margin have been in a better position to sruvive the crash than one who had? (Section One) | * |
| How did the crash affect individual investors, brokers, and banks? (Section One) | * |
| Why did the stock market crash have such a powerful impact on the overall economy? (Section One) | * |
| Defend Hoover's belief that the economy wold soon recover. (Section One) | * |
| (1929-1930's) the most severe economic downturn in history of the US, list main effects (Section Two) | Great Depression |
| Makeshift shantytowns that sprung up during the Great Depression (Section Two) | Hoovervilles |
| What can you infer from the fact that the shantytowns of homeless Americans came to be kown as Hoovervilles? (Section Two) | * |
| What do you think the political effect of the Great Depression on President Hoover will be explain? (Section Two) | * |
| Nickname for a farmer who left the Dust Bowl in search of work (Section Two) | Oakie |
| How were Oakies and Hobos similiar? (Section Two) | They were unemployed and traveled to find work. |
| Do you think those affected by the Dust Bowl were victims of nature or responsible for their own fate? (Section Two) | * |
| What were two key ideas that helped shape Hoover's core beliefs? (Section Three ) | * |
| In what ways were Hoover's basic beliefs similiar to those of Presidents Harding and Coolidge? (Section Three) | * |
| What is your opinion about Hoover's belief in the importance of rugged individualism? (Section Three ) | * |
| A organization that is owned and controlled by its memebers (Section Three) | Cooperative |
| A program that provided aid to struggling banks and other institutions during the Great Depression (Section Three) | Reconstruction Finance Coorporation |
| (1930) extremely high tariff on farm products and manufactured goods. (Section Three) | Smoot-Hawley Tariff Act |
| How effective was President Hoover's preferred approach to government in responding to the hardships of the Great Depression? (Section Three) | * |
| Defend Hoover's committment to avoiding direct relief to individuals.(Section Three) | * |
| What was the general reaction of the American people to Hoover's performance? (Section Three) | * |
| How did Hoover's core beliefs contrast with what many Americans wanted? (Section Three) | * |
| What are some relief programs that Hoover's Democratic opponent might suggest? (Section Three) | * |
Created by:
jeff.sokira