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maxush-Gr Depression
| Question | Answer |
|---|---|
| Rep. Hoover protestant, prohibition Dem. Smith catholic,anti-prohibition, Hoover wins in landslide | Election of 1928 |
| where shares of corporations are bought and sold | stock market |
| long period of rising stock prices, opposite is a bear market | bull market |
| buying stock on credit | margin |
| demand the investor repay the loan for stock purchases | margin call |
| buying something with the intent to sell at a later date for a higher price | speculation |
| Oct. 24/29, 1929 stock market collapses | Black Thursday/Tuesday |
| customers withdraw money from fear of losing it | bank run |
| 1 consumers had little money after debt payments 2 Fed Reserve lowers interst rates 3 Top 5% earned 30% of nation's income 4 tariffs raised closing foreign markets 5 Americans could not purchase all goods produced | Causes of the Depression |
| government financed building projects, Hoover asked state and local governments to increase spending for | public works |
| spending more than is taken in, Hoover believed would be more harmful to the economy | deficit spending |
| created a pool of money to rescue banks, not enough to help | National Credit Corporation |
| direct assistance to the people, Hoover believed responsibility of state and local governments | relief |
| offered money for public works, loans to staes for relief, not ewilling to incur more debt | Emergency Relief and Construction Act |
| created to make loans to banks, railroads, and agricultural institutions, to cautious | Reconstruction Finance Corporation (RFC) |
| unemployed march on D.C. many are denied food, water, and medical treatment | hunger march |
| creditors take possession of property for nonpayment of a loan | foreclosure |
| 1932 unemployed veterans march on D.C. for bonus promised from WW I, ordered cleared by Hoover | Bonus Army |
| places that offered free food | bread lines |
| charities that prepared free meals for the poor | soup kitchen |
| court official, served people with eviction and foreclosure notices | bailiff |
| collection of shacks built by homeless | shantytown |
| names for shantytown, turned out pockets, newspaper, blaming Hoover for problems | Hooverville, flag, blanket |
| homeless that wandered country on railroad cars searching for a better life or job | hobo |
| soil being blown away on the Great Plains, farmers no longer tending soil, drought, wind | Dust Bowl |
| farmers that fled the Dust Bowl | Okies |
| produces the first feature length animated film, Snow White and the Seven Dwarfs | Walt Disney |
| color added Gone With the Wind, Wizard of Oz | motion pictures |
| peoples link to what was happening, one of possessions of the twenties people held on to | radio |
| melodramatic daytime programming on radio sponsored by soap companies | soap opera |
| emphasized traditional American values in work- American Gothic | Grant Wood |
| wrote about poverty, misfortune, and social injustice: The Grapes of Wrath and Of Mice and Men | John Steinbeck |
| used stream of consciousness to reveal character, exposed hidden attitudes in the South | William Faulkner |
Created by:
artm239
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