The Stock Market
When the stock prices rise for an extended period of time, it is called a _____ market.
Bull Market
This group did not share in the prosperity of the 1920s and went into large debts as demand for their products fell after WWI.
Farmers
Herbert Hoover
Hoover did not want the federal government to help fix the economic situation. Instead, he believe this characteristic of the American people would fix the problem.
Rugged individualism
When many farms were foreclosed, farmers began to _____ in hopes of raising prices.
Burning their crops
During the late 1920s, people bought stocks on _______, the belief that stock prices would continue to increase.
Speculation
Many Americans could not buy new products because they had to make monthly payments for high cost goods on a _______.
Installment plan
This comedian was bankrupted when he received a call from his broker when the market crashed
Groucho Marx
Big construction projects financed by the government to create jobs
Public works
Name of makeshift homes made of any available materials. Named after the president they blamed.
Shantytowns / Hoovervilles
This is the practice of purchasing stocks with a down payment and paying off the loan with profits from the stocks.
Buying on the margin
America did not engage in much international trade because of
High tariffs
Author of The Grapes of Wrath, which narrated the life of "Okies" in California
John Steinbeck
This corporation was created to help banks lend money to their communities.
National Credit Corporation (NCC)
Name of the WWI veterans who marched from Oregon to DC to demand payment on a promise.
Bonus Marchers
This is the right of stockbrokers to demand payment of loans that were used to purchase stocks.
Margin call
By keeping interest rates low, the Federal Reserve Board encouraged banks to make _______.
Risky loans
First female photojournalist for Life magazine
Margaret Bourke-White
This corporation was created to help banks loan money to businesses.
Reconstruction Finance Corporation (RFC)
In late July, Hoover ordered the army to take this action against the WWI veterans who gathered in DC
Clear out the buildings but leave the camps alone
The stock market crashed in this month of this year.
October 1929
Name of legislation that raised tariffs
Hawley-Smoot Tariff
Author of the Sound and the Fury, which used the stream of consciousness writing technique
William Faulkner
Emergency Relief and Construction Act
Name of the general who cleared out the Bonus Marchers
Douglas MacArthur