Social Studies
What group of people largely made up the Populists Party?
Made up of Black and White Farmers in the midwest and south who disliked the policies of the Democrats and Republicans.
Major invention of Thomas Edison and Alexander Graham Bell
Thomas Edison is the lightbulb and Alexanders was telephone.
Explain the Haymarket Affair
Labor protest rally near Chicago’s Haymarket Square turned into a riot after someone threw a bomb at police. At least eight people died as a result of the violence that day.
What caused agricultural problems in the US during the 1920s?
While most Americans enjoyed relative prosperity for most of the 1920s, the Great Depression for the American farmer really began after World War I. Much of the Roaring '20s was a continual cycle of debt for the American farmer, stemming from falling farm prices and the need to purchase expensive machinery.
What is speculation?
Investment in stocks, property, or other ventures in the hope of gain but with the risk of loss.
Know the purpose of the “Cross of Gold” speech.
The purpose of the Cross of Gold Speech, written by William Jennings Bryan, is to convey the message that if America relied completely on gold, the economy would suffer.
What is Laissez-faire capitalism?
Laissez-faire capitalism is a system in which the government has very little involvement with business. In essence, the state is kept separate from the economy.
Explain the Square Deal
The Square Deal was a series of laws enacted by Theodore Roosevelt and Congress in the early 1900s to preserve and protect natural environments and natural resources in the United States.
What caused the economic boom of the 1920s?
The causes of the Economic Boom of the 1920s were the Republican government's policies of Isolationism and Protectionism, the Mellon Plan, the Assembly line and the mass production of consumer goods.
Explain consumerism and installment buying
The definition of consumerism is the protection of the rights and interests of the general pool of buyers or an obsession with buying material goods or items.
The buyer gains the use of the commodity immediately and then pays for it in periodic payments called installments.
What are the platform beliefs of the Populist Party?
One of the beliefs of the Populist party was THE NEED FOR COINAGE OF SILVER MONEY. Populist Party were formed by farmers who were greatly affected by the introduction of the Industrial Revolution.
What is the purpose of antitrust acts and the Interstate Commerce Act?
The Interstate Commerce Commission was to monitor railroad operations. The Sherman Antitrust Act was to break up bad trusts that were affecting the economy.
What is the purpose and job of the Federal Reserve System?
The responsibilities of the Federal Reserve include influencing the supply of money and credit; regulating and supervising financial institutions; serving as a banking and fiscal agent for the United States.
Explain the Florida Land Boom
The Florida land boom of the 1920s was Florida's first real estate bubble, which burst in 1925.
Why did people believe Hoover failed at helping the US during the Great Depression?
Great Depression became the central issue of his presidency. Hoover pursued a variety of policies in an attempt to lift the economy, but opposed directly involving the federal government in relief efforts.
How were railroad prices impacting farmers in the 1870s and 1880s?
They had to reduce shipping cost not helping farmers succeed money wise.
Define and know the difference between horizontal and vertical integration
Vertical integration occurs when a firm either goes forward and purchases the seller/distributor or goes backwards and purchases the raw materials supplier. Horizontal integration, on the other hand, is when a company acquires or merges with a similar firm in the same industry.
What was the purpose of civil service exams?
They are intended as a method to achieve an effective, rational public administration on a merit system for recruiting prospective politicians and public sector employees.
What did buying on credit contribute to?
In the money markets that initially caused a boom then a bust. ... People withdrew money from banks, and banks went out of business.
Why were shanty towns called Hoovervilles?
The shanty towns were named "Hoovervilles" after President Herbert Hoover because many people blamed him for the Great Depression. ... Once newspapers began using the name to describe the shanty towns, the name stuck.
What was the major development of Henry Ford?
His brand of car the ford model of cars.
What was the main issue for workers when labor unions developed?
Unions made great strides in stopping child labor, and gaining health care benefits and aid for injured workers. An increase in factory work The strength and popularity of unions grew further during the Great Depression as a result of President Roosevelt's New Deal policies.
Describe the Roaring 20s
The Roaring Twenties was a time when many people defied Prohibition, indulged in new styles of dancing and dressing, and rejected many traditional moral standards.
What practices led to the great depression
The stock market crash of 1929 touched off a chain of events that plunged the United States into its longest, deepest economic crisis of its history. It is far too simplistic to view the stock market crash as the single cause of the Great Depression.
Know the New Deal Programs (FDIC, TVA, SEC, CCC, etc.) and their purposes
The programs focused on what historians refer to as the "3 Rs": relief for the unemployed and poor, recovery of the economy back to normal levels and reform of the financial system to prevent a repeat depression.