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history test chapt9
history
| Question | Answer |
|---|---|
| margin buying | buy stocks on credit |
| Charles Lindbergh | his 1927 solo flight from N.Y to Paris excited the nation |
| Mother Road | Route 66, from Chicago to L.A. |
| Warren G. Harding | very ineffectual US president in the 1920's |
| Ohio Gang | Harding's corrupt political friends all from Ohio |
| Teapot Dome | the oil-filled scandal that destroyed Harding's presidency |
| Black Tuesday | the day the stock market collapsed, Oct 29, 1929 |
| bank runs | panicking people take their money out of the banks |
| Herbert Hoover | president at the beginning of the depression |
| rugged individualism | people, not the government, will solve economic problems |
| hoovervilles | little shack and shanty towns |
| soup kitchens | places where meals were offered to the needy |
| bread lines | people waiting to receive free food |
| dust bowl | 1920's drought that devastated US farm land |
| okies | displaced farmers who went west looking for jobs |
| Why did Hoover keep the federal government from aiding the unemployment? | not the governments job, it will illegally increase the size of the government, handouts would destroy the initiative and self-worth of people, federal help would bankrupt the nation |
| bonus army | WWI veterans who asked for a cash payment in 1932 from the US government |
| gangsters | criminal element popular in the 1920's and 30's |
| the crime of the century | the Lindbergh baby kidnapping |
| Franklin Delano Roosevelt | elected president in 1932, he would be elected 4 times |
| Roaring 20's | post WWI youth-dominated decade |
| 2 major economic choices in a society | what should we make? what to buy? |
| what 3 problems led to the Great Depression? | large economic gap in society, credit-buy now pay later, stock-investment in a company |
| speculation | buying things in hopes that the value will go up in the future |