Stock Market Crash
What was the day the Stock Market Crash happened called?
Black Tuesday
What was the main natural reason for the Dust Bowl?
Drought (No rain, high temperatures, high winds)
What were Hoovervilles? Why did they call them that?
They were shantytowns where homeless people lived. It was named after Hoover because they believed he created the issues with the economy.
What was last-hired, first-fired discrimination? Which group of people faced this issue?
African-Americans were the last to be hired and first to be fired because of the unemployment issue
What is realism, and how did it impact the Great Depression?
Art and literature that showed life exactly as it was, no matter how harsh or sad. It made people aware of the issues going on in America.
What percent of Americans became unemployed following the stock market crash?
25%
What was the main man-made reason for the Dust Bowl?
Farming practices
What were FDR's three R's?
Relief, reform, recovery
What percent of African Americans were unemployed during the Great Depression?
50%
What is escapism, and how did it impact the Great Depression?
Entertainment designed to help people forget their troubles and enter a world of fantasy. It helped people escape their issues.
What were bank runs?
When people rushed to withdraw their money from banks, causing many to close
What region did the Dust Bowl mainly take place in?
The Southern Plains region
What tariff did Hoover pass? Did it work?
The Hawley-Smoot Tariff, it didn't work because other countries put tariffs on our goods.
What issues did women face during the Great Depression?
Men often replaced them in the workforce, or if they did have jobs, their pay was very low.
Name three forms of entertainment that were accessible to everyone during the Great Depression.
Radio, movies, sports games, music, musicals, comic books
What does buying on margin mean? How does it apply to the stock market crash?
People took out loans to invest in the stock market
What struggles did the Dust Bowl cause for people?
Dust pneumonia, static electricity, poor visibility, dust contaminating food, clothes, and furniture, etc.
Did the New Deal solve the economic crisis?
It gradually improved it, but it wasn't solved until WWII.
What is systemic inequality?
When systems and policies make life harder for certain groups
What was it called when businesses made more goods than people could afford?
Overproduction
After the stock market crash, the FDIC was created. Why?
Because banks were not federally backed, which was one of the reasons for the crash. The FDIC fixed this issue.
What was the nickname for the dust storms during the Dust Bowl?
Black Blizzards
Name two programs FDR started and what they did.
TVA, CCC, AAA, FDIC, PWA, FERA, SSA, REA
How did New Deal policies hurt African Americans?
Some of the programs discriminated against black workers and led to an increase in unemployment for them. Some also reinforced segregation.
What did the Social Security Act do?
Helped pay for retirees' pensions, children without families, and disabled people.