Great Depression 1
This type of economy allows people to buy and sell goods without government intervention. Utilizes Supply and Demand
Market Economy
True or False: A depression is a time when industry is booming and almost all people are employed.
What is false?
October 29, 1929 is also known as this.
What is Black Tuesday?
What is World War II?
The unemployed and poor often lived in "shanty towns." They were often referred to as.
What are Hoovervilles?
He was the United States president during the early years of the great depression.
Who is Herbert Hoover?
What happened when banks closed?
People lost their ENTIRE life savings/could not withdraw money.
This major event followed the Great Depression and helped boost the economy.
What is World War II?
Planting the same crop year after year, drought in the Midwest
How could Stock Brokers lend money to buyers to buy a stock without having money?
Buying "on the margin"
What did Franklin D. Roosevelt (FDR) do to help the American people during the Great Depression?
Introduced the New Deal which helped stimulate the economy.
Two Reasons that the Great Depression Began
What are: overproduction of goods, buying on the margin, unequal distribution of wealth, smaller world markets