Stockmarket crash
Why did people buy a lot of stock in the 1920s?
New technology and industry were booming
What led people to make a run on banks?
The Stockmarket crash
Was the Dust Bowl a manmade or natural disaster?
Both
What were the migrants called who came from the dust bowl to California?
Okies
What were the names of the poor communities that were created?
Hoovervilles
Was the stockmarket crash completely to blame for the Great Depression?
No
What did the banks issue too much of?
Credit
How was it a manmade disaster?
They plowed up all the prairie grass to plant wheat leaving the soil unprotected.
What did the Okies actually find in CA?
No jobs and discrimination
About how many people lost their jobs?
1/4 or 15 million
What did the Federal Reserve raise that contributed to the crash?
The interest rate from 5-6%
Banks funded speculation that allowed people to buy stock on what?
Margin
How was it a natural disaster?
Drought
What was the name of the government camp discussed in the book?
Weed patch camp
Who was elected in 1932?
Franklin Delano Roosevelt
What did people buy stock on that helped cause the crash?
Margin
Banks did not maintain adequate what?
Cash reserves
What were black blizzards?
Massive dust storms that caused darkness, high winds, static electricity, and were dangerous
Why didn’t Californians like okies?
They took jobs, spoke different, were poor
What was the name of the programs FDR created to help the country out of the Great Depression?
The New Deal
What day did the Stockmarket crash?
October 29,1929
About how many institutions failed?
1/3-1/2
What was the name of the sickness caused by the dust storms ?
Dust pneumonia
Who was Leo Hart?
A teacher and eventual superintendent who cared about the Okies and helped them build their own school
How did the New Deal help the people of the Dust Bowl?
FDR's New Deal attacked the crisis on the Great Plains on a number of fronts. The Farm Security Administration provided emergency relief, promoted soil conservation, resettled farmers on more productive land, and aided migrant farm workers who had been forced off their land