in the 1920s this increased consumer demand for products
What is modern advertising?
100
instead of paying the full price of the goods at the time of purchase, they paid only a small monthly payment
What is an installment plan?
100
earnings on stocks
What are stock dividends?
100
place where people bought and sold stocks
What is the New York Stock Exchange?
200
risky investments for the chance of making a quick profit
What is speculation?
200
Stocks, like consumer goods, could also be bought on this
What is credit?
200
by paying as little as 10 percent of the price of stock in cash, people could hold stock on this
What is "on margin"?
200
on October 29, 1929, the bottom fell out of the stock market
What is Black Tuesday?
200
Investors lost this much in 3 weeks
What is $30 billion dollars?
300
this effectively shut off the supply of credit that had sustained the economic boom
What is the stock market crash?
300
this many banks failed between 1929 and 1932
What is 4,000?
300
1932-1933
What were the worst years of the Depression?
300
1 in every 4 workers---13 million--were out of work
What is the Depression?
300
3 reasons why the Great Depression was so severe (bad)
What are (1) the desire of a few to get rich quick (2) the widespread practice of buying goods on credit (3) government interference in the free market economy
400
was called the Great Humanitarian
Who was Herbert Hoover?
400
Hurbert Hoover did this after World War I
What is supervised the vast relief of millions in Europe?
400
they abandoned their family responsibilities and rode freight trains from town to town
What are hobos?
400
a severe drought that hit the Great Plains in 1930
What was the Dust Bowl?
400
a private charity that provided relief for many farm families
What is the American Red Cross?
500
John Steinbeck wrote this
What is The Grapes of Wrath?
500
some people wanted to create an imaginary crisis in order to move the country towards this
What is socialism?
500
Franklin Roosevelt's plan for economic recovery in the U.S.