Causes of Great Depression
Factories continued producing huge amounts of goods even though consumers could not keep buying them
What is overproduction?
A long period when stock prices continue to rise is known by this term.
What is a bull market?
Herbert Hoover won this election before the Great Depression began
What is the Presidential Election of 1928?
These two environmental factors contributed to the outbreak of the Dust Bowl
What are high winds and drought?
This political party took credit for the prosperity of the 1920s.
What is the Republican Party?
Many Americans purchased cars and appliances using this system, allowing them to buy now and pay later
What is an installment plan?
By 1933, about one-quarter of Americans lacked this
What is a job (or employment)?
Shantytowns were given this nickname by Americans
What are Hoovervilles?
Thousands of farm families migrated west to this state looking for work.
What is California?
This president defeated Herbert Hoover in the 1932 election.
Who is Franklin D. Roosevelt?
This government institution helped fuel speculation in the 1920s by keeping interest rates low
The stock market crash reached its worst point on this famous day of October 1929.
What is Black Tuesday?
Hoover believed people should succeed through hard work and self-reliance under this philosophy
What is Rugged Individualism?
Many Dust Bowl migrants received this nickname
What are Okies?
Americans who lost faith in banks often kept their savings in this location rather than depositing it.
What is under a mattress?
Investors used borrowed money to purchase stocks through this risky practice.
What is buying on margin?
Panicked customers lining up to withdraw their savings created this banking crisis.
What is a bank run?
Veterans who wanted an early payment of a reward for their service in World War I wanted this bill passed.
What is the Putnam Bill
The combination of severe drought and strong winds removed this fertile layer of earth, making it difficult for crops to grow.
What is topsoil?
This military leader, later famous in World War II, helped remove the Bonus Army from Washington.
Who is Douglas MacArthur?
This tariff damaged international trade by encouraging other countries to raise their own tariffs.
What is the Hawley-Smoot Tariff?
The nation's GNP fell dramatically from over $100 billion to about this amount by 1932.
What is $59 billion?
The orignal name of one of Hoover's largest public works projects later became known by this name.
What is the Boulder Dam?
These five Great Plains states were hit hardest by Dust Bowl dust storms during the 1930s.
What are Texas, Oklahoma, Kansas, Colorado, and New Mexico?
This author highlighted the struggles of Dust Bowl migrants in the novel The Grapes of Wrath.
Who is John Steinbeck?