Causes of the Great Depression
These limited foreign trade and foreign investment. It also made it difficult for foreign countries to export goods to the US and pay back debts.
What are tariffs on world trade?
Hoover believed that people should pull themselves up by these.
What are bootstraps?
These were shanty towns built from scraps of metal or whatever people could find to make shelter.
What is a Hooverville?
This President was assassinated.
Who is McKinley?
What is the 19th Amendment?
This happened when investors would buy shares of stock in a company for the sole purpose of selling them once they increase in value. This led to falsely high stock prices.
What is stock speculation?
Hoover believed in this kind of economy.
What is laissez faire?
These were newspapers people tried to keep warm with.
What is a Hoover Blanket?
This President led the "Rough Riders."
Who is TR?
This Amendment freed the slaves.
What is the 13th Amendment?
By 1933 11,000 of these had collapsed.
What are banks?
Hoover believed that people should take care of themselves, not depend on these.
What are government handouts?
This was a cart hitched to a horse.
What is a Hoover Wagon?
This President was in office when WWI broke out.
Who is Woodrow Wilson?
This Amendment granted direct election of senators.
What is the 17th Amendment?
This is the bank for banks.
What is the FED (federal reserve)?
Hoover belonged to this political party.
What is the Republican Party?
These were pockets with nothing inside turned inside out.
What is a Hoover Flag?
This President took office after the Harding administration.
Who is Calvin Coolidge?
This Amendment allowed the government to tax income.
What is the 16th Amendment?
This happened when people bought stock gambling that the price would rise.
What is buying "on the margin"?
The idea that people should succeed through their own efforts.
What is rugged individualism?
These were worn out shoe soles replaced with cardboard.
What is Hoover Leather?
This President was TR's handpicked successor.
Who is William Taft?
This Amendment canceled out Prohibition.
What is the 21st Amendment?