Great Depression Causes
What year did the stock market crash setting the stage for the Great Depression?
1929
Crop prices and demand declined by more than 40%, this led to....
Farmers losing money, overproducing crops that would never sell, and going into debt
When does the gradebook for the 3rd quarter close?
Wednesday, March 13
Hydroelectric power is powered by what?
Water: dams, rivers
Food provided to the poor by charitable organizations or public organizations
Soup kitchens and bread lines
After the stock market began to decline, Americans quickly...
Sold all of their stocks, making the crash even worse
The barometer of the stock markets health
Dow Jones Industrial Average
The proposed bill that would have authorized the U.S. government to pay a bonus to WWI veterans who were not compensated adequately for their service.
Patman Bill
The president at the start of the Great Depression
Herbert Hoover
Little towns consisting of shacks and poorly built houses, similar to slums
Shantytowns
The soil of farms in the American South and Mid West became dead and un-useable because...
Buying stocks hoping for profit, while ignoring the risks
Speculation
The group of 10-20,000 veterans that marched on Washington D.C. in search of compensation for the wartime service in WWI
Bonus Army
The area that was hit the hardest by drought, dried up soil, and massive dust storms
The Dust Bowl
Kansas, Oklahoma, Texas, New Mexico
These two groups of Americans suffered the worst unemployment rates and increased violence and discrimination. Americans demanded these groups be deported, even though many were American citizens.
Black and Latino Americans
People and businesses who used installment plans and buying on credit helped cause the Great Depression because...
People did not pay off their installment plans or their credit, this led to the businesses losing money and people gaining debt
October 29, 1929, when the stock market crashed is know as ______ ________
Black Tuesday
How did Hoover deal with the Bonus Army?
He sent soldiers to expel them, and had them gassed, including killing an 11 month old baby. Two people were shot and many were injured.
Cash payments or food provided by the government to the poor
Direct Relief
What happened to the farmers and their families that were effected by the Dust Bowl
Most lost their farms and relocated West, particularly California, in search for work
Old industries such as ______ and ______ barely made profits due to newer forms of energy like hydroelectric power, oil, and gas.
Railroads and coal
The U.S. government introduced this tariff on foreign goods. It was designed to protect American businesses from foreign competition but backfired. This tariff prevented other countries from earning American currency to buy American goods, thus hurting American businesses and reducing world trade by more than 40%.
Hawley-Smoot Tariff Act
Who did Hoover defeat in the presidential election of 1928
Democrat Alfred E. Smith, a career politician form New York
Unemployment in the U.S skyrocketed to ___ % in 1933
25%
Between 1928 and 1930, suicide rates rose more than __ %. This was one of he many social and psychological effects of the great depression
30%