The President
Who was the President at the beginning of the Great Depression?
Herbert Hoover
Why was much of the prosperity of the 1920s more superficial than real?
Many people were living beyond their means
2 Causes of the Great Depression?
War debt policies and tariffs
Crisis in the farm sector
Availability of easy credit
Unequal distribution of income
Why was Black Tuesday such a significant day in American History?
It was the day that the stock market crashed
How did the Great Depression affect educational institutions?
Cuts in school budgets and closures
What were shanty-towns often called?
Hoovervilles
How were children impacted by the Great Depression?
Malnutrition from lack of milk
Having to hop trains to find work at a young age
Which sector suffered the most during the early years of the Great Depression?
Agriculture
What is the Dow Jones Industrial Average?
A measure of the stock market health
What was the primary purpose of the Reconstruction Finance Corporation?
To provide emergency funding to banks and large businesses
What was Herbert Hoover's philosophy regarding government intervention?
Rugged individualism and limited government control
What was one advantage that people in rural areas had during the Great Depression?
They could grow their own food
From 1929-1933, the unemployment rate went from 3% to ____%?
25%
How did people react after the stock market crash?
Everyone rushed to the banks to withdraw their money.
What was the effect of the Dust Bowl on agriculture?
Many farmers had to leave their land
How did Herbert Hoover attempt to solve the economic issues of the Great Depression?
Reconstruction Finance Corporation - emergency funding to banks
What group of people had the highest unemployment rates?
Latinos and African Americans
How did European countries respond to the U.S. economic collapse?
By raising their own tariffs
How were people investing in stocks?
Buying on margin
What did the term "farm holiday" refer to during the Great Depression?
Farmers refusing to work their fields
What is one project that Herbert Hoover approved that did make a positive difference?
The Boulder Dam
The Hoover Dam
What charity-type organizations began popping up in cities to help feed hungry families?
Soup kitchens and bread lines
What is deflation?
Decrease in the general price level of goods and services
25,000
How were women treated during the Great Depression?
Many thought they should not be working when men were unemployed.