Causes of the Great Depression
The name of the economic policy in which the federal government is minimally involved in economics. (Hint: the answer is in French)
Laissez-Faire
These shantytowns named after a former President became more common and popped up in city parks or other vacant spaces after 1929
Hoovervilles
Drought, over farming, and windstorms led to this event which led to the deaths of millions of livestock and the burying of farms underneath topsoil causing more farms to be foreclosed by banks since they were inoperable
Dust Bowl
Hoover promoted this type of mindset in people in the early days of the Depression. In which people needed to be strong and rely on themselves (the individual)
Rugged Individualism
Republican
The over (blank) of manufactured goods and farm goods was another cause of the Great Depression
Overproduction
Bank Failures
Farmers hit hard by the Dust Bowl packed up their belongings they could carry or strap to their car and headed West to California searching for jobs or farmland. These farmers were called:
Okies
Hoover was a believer in this policy: the idea of limited/minimal government involvement in the economy
Laissez-Faire
In 1932, this man and cousin of a former President ran against Hoover for the Presidency
Franklin D. Roosevelt
The over use of installment plans led to massive consumer debt, the idea of buying something now and paying it off over time was done in bulk since there were new products available and were advertised to the American people. What is the name of the kind of spending that was overused and led to the Great Depression?
Over Credit-Spending
Factories cut costs by firing workers and cutting pay, when they could no longer pay their mortgage, the cash starved banks foreclosed on their homes. Many people left their homes to find work around the country working odd jobs by camping at rail depots and stowing away on trains. What are these people called?
Hobos
Why did overproduction of crops lead to more farm failures?
Increase in supply of crops led to a drop in price, which led to farmers not making enough money to keep their farms operating
To help alleviate the Depression, Hoover encouraged businesses to work together and not (blank) their workers
Fire their workers
One of the few organizations made by Hoover during his time in office was the (Blank) which provided loans to banks to keep them in business
RFC Reconstruction Finance Corporation
The unregulated and wild betting on stocks leading up to the Great Crash of October 1929 is called what:
Overspeculation
What happened to the number of kids in school following the beginning of the Great Depression?
Dropped/Lowered
The rise of hate crimes, like these types of killings, rose during the Great Depression
Lynchings
This group of veterans of World War 1 were gassed in Washington D.C. after demanding they be paid their bonuses for their military service. They came from all over the country, even some walking, and set up a giant Hooverville in Washington D.C. in 1932 before Hoover ran for re-election. What was the name for these veteran protestors?
Bonus Army
The name for buying a stock on credit by paying a stock broker or bank for a loan and paying back the loan with your stock's profits
Buying on Margin
This event on Wall Street signaled the official start of the Great Depression on October 29, 1929 when stock prices for almost all industries fell at a dramatic level
Great Crash of 1929/Black Tuesday
Soup kitchens were charity organizations that began to pop up around the country due to the dramatic rise in this:
Unemployment
Al Capone
To try to encourage Americans to buy American goods, Hoover passed the (Blank) Tariff. But it backfired, causing other countries to pass their own tariffs and triggered a trade war leading to the collapse of global trade and the worsening of the Depression
Hawley-Smoot Tariff
What Party did FDR belong to?
Democrats