During WWI, farmers increased their production of crops (using new innovations), however, falling the war when demand for crops fell, the large supply of crops and lack of demand led to overproduction.
What is overproduction?
100
The % of Americans that were affected by this rose to 25% at the peak of the Depression.
What is unemployment?
100
This man barely responded...
Who is Herbert Hoover?
100
the 3 r's
What are relief, recovery and reform?
100
Program providing pensions to the elderly that still exists today.
What is the social security administration?
200
Buying stocks with borrowed money
What is buying on margin?
200
These people rode the rails in search of jobs.
What is hobos?
200
Government agency created by Hoover to loan $ to banks/businesses in order to stimulate the economy.
What is the Reconstruction Finance Cooperation?
200
Provided insurance for bank deposits...still exists today.
What is the FDIC?
200
New responsibility the government took
What is the economic well being of the American people
300
Many Americans made risky investments in the stock market with the hopes of "getting rich quick."
What is overspeculation?
300
Poor people relied on these to eat.
What is bread lines/soup kitchens?
300
Group of WWI veterans that marched to Washington, DC to demand early payments of WWI pension.
What is the Bonus Army?
300
Regulated the stock market - example of reform.
What is the SEC?
300
Really ended the depression
What is WWII
400
International trade suffered during the 20s and early 30s due to increased taxes on foreign goods. The highest form of this tax was the
What is the Hawley-Smoot Tariff?
400
When millions of Americans lost their savings deposits.
What is bank closings?
400
In 1932 the American people elected this Democrat as president.
Who is Franklin D. Roosevelt?
400
Provided electricity to rural region of southeast America and created jobs.
What is the TVA?
400
Changed the gov. in this way
What is increased in size/responsibility?
500
The day the stock market crashed.
What is Black Tuesday?
500
This segment of the American population was often the last hired and first fired. Suffered some of the worst effects of the Great Depression.
What are African Americans?
500
Hoover did not believe in providing this to the American people in response to the Depression.
What is relief?
500
Concept of increased government spending to stimulate the economy.
What is the deficit spending/keynesian economics?
500
Created by the New Deal for Americans going through hard times.