These words seem Important
Buy now pay with interest later
credit
This group was the first to be hurt by the effects of the Great Depression the most
Farmers
This was the President of the United States, when the Great Depression began?
Herbert Hoover
This particular business misused their customers finances, losing everything, and lead to large scale closings
Banks
(blank) how much you want to buy something?
(blank) how much you have ready to sell?
Demand
Supply
Fill in the missing blanks.
The Great Depression was a period where (blank) plummeted and (blank) skyrocketed.
Economy
Unemployment
This was the largest man made ecological disaster. Large and powerful static electricity storms carried particles of dried top soil across the US
The Dust Bowl
To show how displeased they where with President Hoover, the public started to call these makeshift communities of shacks Hoovervilles. What was their original name?
Shantytowns
A small % share of a company is called a
stock
Something you can sell or trade is classified as a (blank)?
product
This large construction project during the early years of the Great Depression sought to provide thousands of jobs, while also harnessing water and hydroelectricity for the Southwest
The Hoover Dam
What was the name of the region of the US where the Dust Bowl took place?
The Great Plains
During the Great Depression, these two types of charities opened up to provide the public with free and reduced price foods.
Soup Kitchens
Breadlines
majority of the stocks in the U.S are sold in what city at what specific location? (2 parts)
New York City
New York Stock Exchange/Wall Street
A business that specializes in one particular product is called a what?
industry
This group of WW1 veterans arrived in Washington D.C in hopes of speaking with the President about getting their money for their services sooner.
The Bonus Army
Explained what happened to farmers during WW1 and then what happened after the war ended
Demand and Prices were high for food so they increased their Supply of crops and borrowed money to buy more land
After the war, Demand went down, Prices fell, and Supply was now wasted. Farmers now owed money they couldn't pay back
Hoover refused to authorize the government from providing (blank, blank) or payments of cash/food to the poor.
direct relief
Banks start letting poor and middle class citizens purchase stocks by (blank) on (blank). This allowed them to put a little money down upfront and borrowing the rest
Buying on Margin
What are the names of the 6 stages of the Economic Cycle
This is the day when the Stock Market crashed
Black Tuesday
What was the name of Hoover's policy in which he believed people should take care of themselves, fix their own problems, and not rely on the government's support?
Rugged Individualism
We use this tool/equation to measure how well the economy is doing?
GDP
Gross Domestic Product