Key Terms
What is the government and economic system in which there is no private property and all property is owned by the community?
Communism
What young women rebelled against traditional ways of thinking and acting through their fashion and behavior?
Flappers
Who was elected President in 1932 promising a New Deal of government programs for the American people to help them out of the Great Depression?
Franklin Delano Roosevelt
Who was President at the beginning of the Great Depression, and was blamed for not doing enough to stop this financial disaster?
Herbert Hoover
What is borrowed money that can be paid off at a later date in addition to interest?
Credit
What genre of music became extremely popular during the 1920s?
Jazz
During the Great Depression what happened to the unemployment rate?
Greatly increased
Who was the leader of the mafia in Chicago who became one of America's wealthiest people during Prohibition before being jailed for tax evasion?
Al Capone
DOUBLE HISTORDY
What amendment guarantees women's suffrage? What is suffrage?
What Amendment started Prohibition? What were 2 negative effects of Prohibition?
18th Amendment. Many people eventually ignored this law which led to a wider disrespect of other laws and more power for organized crime, like the mafia.
DOUBLE HISTORDY
What is a “mild depression” in which business slows and workers lose jobs, but the downturn is not as long nor as severe as a depression?
What organization started by Margaret Sanger supported eugenics and campaigned for parents to severely limit the number of children they have?
Planned Parenthood
What is laissez-faire? How did this idea impact the government’s approach to the stock market in the 1920s?
Laissez-faire is the government taking a hands off approach to the economy and not interfering with businesses. The government did not pass laws regulating the buying and selling of stocks, or ownership shares in companies.
Why did the 1920s became known as the Roaring 20s?
New fads and entertainment spread across the country along with great economic growth.
What term describes taxes on imported goods from another country?
Tariff
What was Black Tuesday?
On October 29, 1929, the stock market crashed as desperate people sold millions of stocks. It could be seen as the beginning of the Great Depression.
What is the movement of millions of African Americans from the rural South to cities in the North and Midwest for jobs in industry?
Great Migration
What happened to the value of the stock market for most of the 1920s? Why were many of these stocks overvalued?
The value greatly increased. Many stocks were bought “on margin” (10% down payment) and now people could not pay the full amount they owed on the loan.
In what year did the Great Depression begin?
1929
What campaign launched by federal officials sought to arrest Communists suspected of plotting to overthrow the government?
Red Scare