Vocabulary/ Black Thursday/Tuesday/ Bank runs
What is stock? EXTRA POINTS: What is a Stockholder
What was Black Thursday?
What was black Tuesday?
Stock is a small slice of ownership in a company
EXTRA POINTS: Someone who has shares in a company
Black thursday was the day the stock market crashed
Black Tuesday was a day investors traded in 16 million dollars
Who made the Act
Herbert Hoover himself
what is 1+1
a window, 2, plus sign.
Who was Sinclair Lewis
Made Novals like " It Can't Happen Here" to show the spread of fascism around US
Where did homeless people go for food
Soup Kitchens
What is the meaning Depression
A downturn in economic activity
What is it known as
Smoot-Hawley Act
when was FDR born
January 30th
How was Eleanor Roosevelt
After FDRs death, she took part in the Human Rights Act.
Where did people volunteer during the great depression
Soup Kitchens, churches, and other charities
What were bank runs
When costumers take their money out their banks at once.
Why could the government get rid of Hoovervills
They kept rebuilding them
what year FDR elected as president during the GD
1932
Who was Huey Long
He was a left-wing populist member of the Democratic Party and rose to national prominence during the Great Depression for his vocal criticism of President Franklin D. Roosevelt and his New Deal CITE: Study.com
What are the 3 Acts in the the New Deal.
Relief,Recovery, Reform
What is a Soap Kitchen.
What was the Dust bowl
What was the Bonus Army
A soap Kitchen is a place of service for hungry homeless people.
The dusk bowl was a disaster causing in 1930 made of poor agriculture, drought, and strong winds.
The bonus Army was an incident in which veterence wanted a raise for their work. And Hover went against them causing a down fall.
Why did people make Hoovervills
To show Herbert Hoover that the people are suffering, living in shady old small houses.
Why did Black Thursday happen
A stock market crash
Who was Franklin D. Roosevelt
He was the president that signed the New Deal and saved the US.
How did the US get out the Depression
WW2
What is the Law of Supply and demand
Example: If supply of goods and service outstips demand, price will fall.
What are 3 things Hoover tried to do to help improve the economy
1) Told business leaders to keep prices and wages at current levels.
2) Told the government to lower taxes
3) Asked wealthy people to donate to charities
Who was FDRs wife
Elenor Roosevelt
Who was Herbert Hoover
He was a guy that made people go homeless and didn't let people have a fair chance. Further ruined the economic situation.
What does the CCC relief program do
Provided jobs for young, and decreased unemoyment