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chapter 26 section 1

Quiz yourself by thinking what should be in each of the black spaces below before clicking on it to display the answer.
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answer
question
herbert hoover   1928 republican candidate for president  
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71%   percentage of americans earning less than was needed to live decently  
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speculation   buying and selling stocks quickly hoping to make a profit  
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buying on margin   purchasing stock but only paying a small percentage of the price and borrowing the remainder  
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herbert hoover   he became president in 1928 with the slogan "a chicken in every pot and a car in every garage."  
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septermber 3, 1929   day the stocks on the new york stock exchange hit the highest point  
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black tuesday (october 29 1929)   largest stock market drop in history, 16.4 million shares were sold at a fraction of their cost  
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9,000   number of banks which had gone out of business by march 1933  
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25%   unemployment rate in 1933  
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great depression   from 1929 to WWII  
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european countries   these countries had borrowed money from the US and were also affected by the depression  
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cut government spending, increased taxes, and didn't give Federal relief   3 actions taken by Hoover to fix the depression which only made it worse  
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Federal relief   government assistance to the poor  
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rugged individualism   Hoover's belief that people must work themselves out of the depression  
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Hooverflags   empty pockets turned inside out  
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Hoovervilles   huts and shacks made out of scraps  
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Public Works Projects   government funded building projects which created jobs  
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Bonus Army   WWI veterans who demanded early payments on their promised bonuses  
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General Douglas MacArthur   general who drove the WWI veterans out of Washington DC  
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too late   Hoover is known as having done "Too little, ___________"  
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Franklin Delano Roosevelt (FDR)   person who won the 1932 presidential campaign  
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stock on the margin   1st cause of the great depression  
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tariffs   2nd cause of the great depression  
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overproduction   3rd cause of the great depression  
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credit   4th cause of the great depression  
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STOC   way to remember the 4 causes  
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black tuesday   what was the spark of the great depression  
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Created by: xogymnstarox
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