Vocab
What is stock?
The money a company made with shares
What was the goal of the Smoot-Hawley Tariff Act
Protect local businesses
When did the Stock Market Crash?
October, 1929
Name a charity during the Great Depression
Salvation Army, Red Cross, YMCA, etc...
Who was Charles Coughlin
Example Answer:
He was a Roosevelt Supporter, and had come up with a program for "Social Justice" Later, he was one of Roosevelt's harshest critics
When the stock market is on the rise
What is a bull market
What did the New Deal do
Gave people jobs, funded the poor, and fixed the land.
Why did everyone rush to sell their stocks?
They were worried the prices couldn't stay on the rise forever
What are Hooverviles?
The shanty towns made by the poor during the Great Depression
Franklin D. Roosevelt
Which came first? Black Tuesday, or Black Thursday
What is Black Thursday
Small third party during the Great Depression
The Socialists
Was this the main cause for the Great Depression
No
What is Isolationism
When a country separates from the problems of others.
What is the Bonus Army?
A group of veterans who wanted their bonus to A: survive and B: inflate the economy
Buying on the Margin
When you take money from a bank to buy stocks, and make a profit
What was the main political party in the Great Depression
The Democrats
What was Black Thursday?
When bank runs were made from people worrying about their money. This caused banks to crash
What was the Dust Bowl
When a huge wave of dust swept the Great Plains, kicking out farmers, and tarnishing land.
Maker of the "Share Our Wealth" plan
Huey Long
In the law of supply and demand, what happens if stock is low, yet demand is also low?
Price goes down
What is FDR's middle name
Delano
What is a bank run?
When people rushed to take out money from the banks.
What caused the Dust Bowl?
The farmers did not know how to care for the land. This combined with a severe drought, caused the land to dry up. This allowed the wind to pick it up.
Who was blamed for the Great Depression
President Herbert Hoover