Question | Answer |
Why were farmers losing money in the Depression? | -In the 1920's, they lost money because Europe was not buying food. Farmers lowered prices, and made more. Europe still didn't buy.
-In the 1930's, farmers were suffering from the Dust Bowl, which killed many crops. |
Name 3 Alphabet Soup programs, and their names | -PWA: Public works Admin
-TVA: Tennessee Valley Authority
-CCC: Civilian Conservation Corps |
Why did people blame Hoover for their suffering? | He wasn't doing anything to help them |
What is buying on margin? | Paying a small amount of money to buy stock, then borrowing the rest from the bank. |
When Hoover came up with some public works projects, why didn't they boost the economy? | It was too little, too late. |
Some of the farmers that suffered the dust bowl moved. Where would they go? | To California |
How did businesses and factories affect the economy? | They made too many goods that nobody needed anymore. |
What were the purposes if 3 new deal programs? | TVA: planned the development of the Tennessee Valley region and built dams
CCC: hired young men to plant trees, and build dams
PWA: created jobs by having people do public works |
What was the downfall of buying on credit? | If you couldn't pay back the loan, the back takes back whatever you bought. |