Stock Market Crash
What year did the stock market crash?
1929
What caused the Great Depression?
Stock Market to crash in 1929.
What region of Texas was most affected by the Dust Bowl?
The Great Plains
What does buying on credit mean?
People borrowed money to purchase goods or stocks.
Millions of Americans lost ______ during the Depression.
Jobs
What caused the stock market to crash in 1929?
Panic selling of stocks with no buyers
Who was President of the United States when the Great Depression began?
Herbert Hoover
What three things caused the Dust Bowl?
Poor farming techniques, high temperatures, and severe drought.
What caused cotton prices to drop during the Great Depression?
Farmers grew too much cotton which drove the price down.
Why did many banks close during the Great Depression?
Bank runs and people not being able to pay back their loans.
What was Hoover's response the crash of the stock market in 1929?
Hoover believed that the market would fix itself.
Fill in the blanks.
Hoover believed that the relief should be provided by the _______________________________ and not the _______________________.
Hoover believed that relief should be provided by the local and state governments and not the federal government.
How did the Dust Bowl affect livestock in Texas?
There was limited grass for animals to graze and dust could suffocate some of the animals.
What happened to the price of oil during the Great Depression?
It decreased because many oil companies in Texas continued to drill for oil when demand was decreasing.
What caused the lumber industry in Texas to collapse during the Depression?
The demand for new houses and businesses dropped.
Which financial system collapsed as people rushed to withdraw their money?
Banks
What is the name of the program created by FDR to provided relief, reform, and recovery during the Great Depression?
The New Deal Program.
What state did many Texas farmers migrate to find better farmland and jobs?
Texas farmers migrated westward to California.
Why was buying stocks on credit a problem?
Many people could not pay stockbrokers back after the crash creating debt.
What was the name of the makeshift communities that Texans and Americans lived in during Hoover's term as president?
Hoovervilles
This day is known as the worst day of the crash, when millions of shares were sold for far less than what they were originally worth
Black Tuesday
Name two New Deal programs and describe their jobs.
Examples
CCC - Civilian Conversation Corp
WPA - Works Progress Administration
SSA - Social Security Administration
How did the Dust Bowl affect Texas farmers during the Great Depression?
The Dust Bowl made it difficult for farmers to successfully grow their crops because of the lack of nutrients in the soil. This caused many farmers to leave Texas.
This problem occurred when factories made more goods than people could buy.
Overproduction
What did the CCC do help protect the soil and prevent another Dust Bowl?
Plant millions of trees.