Community
What was it called when people used newspapers as blankets in shanty towns?
Hoover Blankets
What were beggers?
People without jobs.
(Anything similar to that definition will do.)
A stock is a small piece of a ______________ that a person can buy to be an investor in that company.
business/company
When people didn't have enough money to buy something but wanted to buy it anyway, banks could give out ___________.
Loans
What did farms go through underconsumption or overproduction?
Both!!!
Who won the Presidential Election of 1932?
FDR (Franklin Delano Roosevelt)
What was the goal of Federal Works Programs?
To give jobs to people who needed the help the most
Another phrase for buying something on credit is buying something with an _____________ ________.
Installment plan
What could happen to someone's money when another person takes out a loan from the same bank?
Their savings could be loaned out to another person, that person will pay interest to the bank on the loan
When factories invented more product then people could buy.
What were small neighborhoods that made houses out of anything.
Hoovervilles.
What was one reason African Americans moved North during the Great Migration?
They hoped to get jobs in factories
When you buy a stock using a loan, you are buying it ______ ______________.
On margin
What did banks do that caused the stock market to crash?
Gave out too many loans
What was underconsumption?
When people didn't buy as much as they were expected to.
How did FDR communicate with the American public during his presidency?
Fireside chats
What is the full name of the WPA?
Work Progress Administration
On what day did the stock market crash?
Tuesday, October 29, 1929
What was the name of the act that FDR put in place to help build confidence in banks?
The Emergency Banking Act of 1933
How do overproduction and underconsumption relate.
They work together.(They click)
Name 1 thing that Social Security provides to the American public.
Pensions for retired people, disabled, unemployed.
What was the unemployment rate in 1933?
25%
What was a personal risk for people who were engaging too much in Consumerism?
They could go into debt because they used installment plans to buy too many products
When was the first Bank Holiday?
March 5, 1933
What were some main reason the stock market crashed.
Overproduction/Underconsumption/Banks stealing your money/Too much stock buyers/