Causes
Rural farmers producing a huge surpluses of food is an example of this.
What is overproduction?
Hoover's belief that people should willingly help others during the Depression.
What was volunteerism?
Shacks built on public land or empty lots
What were Hoovervilles?
100 mile-per-hour winds blew dust clouds 8,000 feet
tall in Oklahoma, Texas, New Mexico, and Colorado.
What was the Dust Bowl?
October 29, 1929
What is Black Tuesday?
Led many people to buy things they could not afford.
What was easy credit?
Hoover's policy whereby problems are best solved at the local and state levels.
What was localism?
The highest unemployment rate during the Depression.
What was 25%?
Farmers who worked for large farm owners.
What are tenant farmers?
The Hoover Dam sits on this river.
What is the Colorado River?
Buying stock on credit.
What is margin?
Hoover's belief that people should help themselves?
What was rugged individualism?
Dust Bowl migrants who often moved to California.
What were Okies?
The periodic growth and contraction of the economy.
What is the business cycle?
Opposite of the growth period of the business cycle.
What is contraction?
Uneven distribution of wealth caused fewer people to be able to buy new products.
What is underconsumption?
Hoover's Democratic opponent in the Election of 1928.
Who was Al Smith?
Group of veterans who marched on Washington, D.C.
What was the Bonus Army?
Organization passed by Congress that gave billions of dollars to banks and large businesses.
What was the Reconstruction Finance Corporation?
Economic philosophy that involves tax breaks for corporations and tax cuts for the wealthy in the belief that it will benefit everyone.
What is trickle-down economics?
Passed by Congress to protect American manufacturers from foreign competition.
What was the Hawley-Smoot Tariff Act?
The original name of the Hoover Dam?
What was the Boulder Dam?
People fear that their money will be lost so they went to the bank and attempt to withdraw their funds.
What are bank runs?
Term used for sending Mexican-American citizens back to Mexico.
What is repatriation?
General sent by Hoover to stop the Bonus Army.
Who was Douglas MacArthur?