Chapter 22.1
What industrial weakness signaled a declining economy in the 1920s?
Was the struggling agricultural sector, specifically the overproduction of crops and subsequent plummeting prices,
How did the Great Depression affect minorities?
disproportionately affected by unemployment and economic hardship due to widespread racial discrimination,
price support
Price supports are generally seen as helpful to the producers of the goods because they guarantee them higher profits
stocks
Stocks offer investors the greatest potential for growth (capital appreciation) over the long haul.
Bread line
allow breeders to maintain or improve specific traits in a breed, and to create new bloodlines
What did the experience of farmers and consumers at this time suggest about the health of the economy?
What did the experience of farmers and consumers at this time suggest about the health of the economy?
Why did so many men leave their homes during the Depression?
widespread unemployment, forcing them to travel in search of any available work,
credit
Lenders use your credit score to determine whether they are willing to loan you money and, in many cases, what interest rate you will be charged
speculation
To control the price volatility of commodities because without speculators,
Dust Bowl
taught the United States to explore better approaches to land management
How did speculation and margin buying cause stock prices to rise?
They caused over investment as people ignored the risks and bought more than they could pay for.
How did the Great Depression affect women and children?
women often took on additional household responsibilities like gardening and mending clothes to stretch the family budget,
Alfred E. Smith: Who was he
He was the Democratic Party's presidential nominee in the 1928 presidential election, losing to Herbert Hoover of the Republican Party. New York City, U.S.
Dow Jones Industrial Average
A widely-watched benchmark index in the U.S. for blue chip stocks:.Stocks offer investors the greatest potential for growth (capital appreciation) over the long haul.
Hawley-Smoot Tariff Act:
The Hawley-Smoot Tariff Act of 1930 is significant because it is widely blamed for making the Great Depression worse.
What happened to ordinary workers during the Great Depression?
Wage income for workers who were lucky enough to have kept their jobs fell 42.5% between 1929 and 1933.
soup kitchen:what did they do
ensure that people in crisis, including those who are houseless, can still have a meal.
Black Tuesday
marked the beginning of the Great Depression, which lasted until the beginning of World War II.
Direct Relief
improves the health and lives of people affected by poverty or emergencies
Great Depression
Sparking fundamental changes in economic institutions, macroeconomic policy, and economic theory.
How did the Great Depression affect the world economy?
It was the worst economic disaster in American history.
Dust Bowl:Significance
It led to widespread environmental damage, economic hardship, and large-scale migration, while also prompting government action and influencing art and culture
buying on margin
involves borrowing money from a brokerage to purchase securities, effectively increasing an investor's buying power.
Shantytown
They reflect the global issue of inadequate housing and income inequality.
How did the Great Depression affect women and children?
women often took on additional household responsibilities like gardening and mending clothes to stretch the family budget