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Who was the first Roman Catholic to win a major party’s presidential nomination?
Alfred Smith
By 1929, approximately how many American households owned stocks?
10%
What is it called when investors buy stock by only making a small down payment?
buying on the margin
What is it called when many people decide to withdraw their money from a bank at the same time?
Bank Runs
What is it called when people purchase high-cost items by making small down payments and paying the remainder of the item’s price in monthly installments?
Installment plans
Hoover strongly opposed the federal government’s participation in what, which is money given directly to impoverished families?
Relief
In 1932, Hoover requested Congress to set up what organization to make loans to businesses?
Reconstruction Finance Corporation
Hoover increased funding for government-financed building projects know as what?
Public Works
Who was the first African American to win an Academy Award?
Hattie McDaniel
How many dust storms on average hit the Plains each year during most of the 1930s?
50
American veterans who marched from Oregon to Washington D.C. wearing ragged military uniforms were called the what by the press?
Bonus Army
What General sent in cavalry, infantry, and tanks to clear the veteran’s camps around Washington D.C.?
General Douglas MacArthur
What did some farmers begin doing in the 1930s to try and raise the prices of their crops?
Destroying them
What organization began organizing rallies and hunger marches?
American Communist Party
Congress passed what act to supply direct aid from the federal government for the first time in U.S history?
Emergency Relief and Construction Act
On October 29, 1929, a day that would be dubbed what, stock prices took their steepest dive ever?
Black Tuesday
A terrible drought struck the Great Plains creating a vast area that would be known as the what, that stretched from the Dakotas to Texas?
Dust Bowl
Who would sneak past railroad police to slip into open boxcars on freight trains to ride the rails across the country?
Walt Disney produced the first feature-length animated film named what?
Snow White and the Seven Dwarfs
Hoover believed that American what, would keep the economy moving and the government should not step in?
Rugged Individualism
In the late 1920s, stock buyers engaged what, which is betting the market would continue to climb?
Speculation
A stockbroker could issue a what, demanding the investor repay the loan at once?
Margin Call
The Stock Market Crash weakened the nation’s banks in what two ways?
Banks had lent billions to stock speculators who lost everything and could not pay back loans.
Banks had invested depositors' money in the stock market and lost it.
Congress passed what, raising the average tariff rate to the highest level in American history?
Hawley-Smoot Tariff
The Federal Reserve Board’s failure to raise interest rates significantly helped cause the Great Depression in what two ways?
Member Banks made risky loans.
Business leaders thought economy was still expanding which led to business expansion and overproduction.