Causes
The American people _________ their stocks.
Overspeculated
During the Depression, ___% of Americans were unemployed or laid off from their jobs
25% or 1/4
The ___________ is a place where stocks are bought and sold on Wall Street in New York City. Stocks are parts or shares of ownership in a company or business.
Stock Market
Who was President when the Great Depression began?
Herbert Hoover
People bought stocks with _________ money.
Borrowed
During the Depression, people stopped doing what with their money?
Spending it
_____ are part ownership of a company or business that are bought and traded on Wall Street
Stocks
What day did the Great Depression begin?
October 29, 1929
The _________ _________ failed to prevent banks from collapsing
Federal Reserve
Many people lost their homes and were forced to live in poorly built neighborhoods called _____________.
(Named after President Herbert Hoover)
Hoovervilles
________ is assuming what something may be worth. It is an assumption based on the market future projections.
Speculate
The day the Depression began is usually called "_____ _____."
"Black Tuesday"
High ______ discouraged international trade with other countries.
Tariffs
Farmers' incomes fell because of the ________ on the Great Plains
Dust Bowl
______ allows you to purchase something now and promising to pay later.
Credit
What is the name of the plan that helped America get out of the Great Depression?
The New Deal
Many people ________ their money from banks.
Withdrew/Took out
Many farmers lost their land because they still had to pay ______.
Taxes
A _________ is an economic time when industries do not grow and unemployment increases. Many are out of jobs.
Depression
When does the Great Depression end?
The start of World War II