U.S. Module 9 - The Great Depression

Sick Economy, Bro

100

This day, on October 29, 1929, saw the nation's market plummet drastically

Black Tuesday

100

Buy now, pay later

Credit

200

This key industry contributed to the Great Depression when it overproduced its products and the prices continued to fall

Farming Industry

200

This tracking of the stock market is still in use today

Dow Jones Industrial Average

300

When people bought stocks on chance hoping for a quick profit

Speculation

400

This tariff was the highest protective tariff ever enacted in the United States and further contributed to America's economic downturn 

Hawley-Smoot Tariff Act

500

These 4 factors are considered to be the main reasons for the Great Depression

Tariffs and war debts, farm problems, easy credit, income disparity 

Still Sick, Bro

100

When the general price level of goods decrease

Deflation

100

This term refers to the time between 1929-1940 when the economy plummeted and unemployment skyrocketed

The Great Depression

200

The flood of new products from the 1920s along with the increase in debt and prices of everyday needs led to ____ of families earning less than minimum for a decent standard of living. 

70%

200

When the government buys surplus crops and guarantees the prices

Price-supports

300

When people bought stocks on borrowed money

Buying on margin

400

This was the result of people withdrawing their money from banks in record numbers

Bank and business bankruptcy 

500

This is the estimated number of businesses that went bankrupt between the years of 1929-1932 at the beginning of the Great Depression

90,000

Life is Hard

100

This area, which stretched from North Dakota to Texas, was created through a combination of overproduction, drought, and windstorms.

The Dust Bowl

100

These settlements consisted of shacks and cropped up in cities after many people were evicted from their homes.

Shantytowns

200

This group of people were not affected as harshly due to their ability to provide for themselves during the Great Depression.

Rural farmers

200

These men coped with their loss of job and inability to provide for their families by wandering the country on railroad boxcars

Hoboes

300

This was the result of many children facing serious health problems due to poor diets.

Shortened school year and school closings

400

This rate increased by over 30% between 1928 and 1932

Suicide rate

500

Cash or food provided to the people by the federal government

Direct relief

Hoover is a Hack

100

This President was elected due to his business acumen and told the American people that the economy was sound despite many indicators otherwise

Herbert Hoover

100

This massive project, later renamed the Hoover Dam, is located on the Colorado River and provides electricity, water, and flood control to many.

Boulder Dam

200

This Act lowered mortgage rates in an effort to ease financial strain on Americans.

Federal Home Loan Bank Act

200

This was Hoover's belief about the government's involvement in citizen's lives

Facilitating cooperation between competing groups and/or everyone should take care of their own family and not depend on the government

300

This tactic was employed by farmers in an effort to raise the prices of their crops

They tried to create food shortages

400

This group of veterans went to D.C. in 1932 to support the Patman Bill and, due to the fear of violence, was forcibly disbanded by the U.S. Army with tear gas.

Bonus Army

500

This provided emergency funds for businesses but was ultimately unable to improve the economy in time for the presidential election

Reconstruction Finance Corporation

Don't click, there's nothing here

100

I

Why did you click this?

100

didn't

Seriously...there's no point.

200

make

But dang...Mr. Palmer did go through the trouble of filling this out.

200

questions

Isn't he great?

300

for

Meh...maybe he was bored.

400

this

That's probably not true.  He's a busy dude.

500

column.

Ahh...well...that was a waste of time.