The Great Depression Chapter 1
When did the construction of new housing decrease? Why did construction decrease?
1985; there were not enough materials to make houses
1926; there was too much stuff and not enough people to buy the stuff
1926; there were not enough people to build the houses
What does it mean to sell shares on “margin?”
To lend citizens money to purchase houses
To lend businesses money
To lend citizens money to purchase stock
How many Americans lost their jobs? How many were without jobs?
5,000 workers; 1 out of every 4 workers
10,000 workers; 1 out of every 4 workers
Millions of workers; 1 out of every 4 workers
1,000; 1 out of every 4 workers
___________ ____________________ and _________________ became commonplace.
Huts and tents
Cabins and soups
Bread lines and soup
Huts and tents
Cabins and soups
What was one of Hoover's “Public Work Projects?” What was it renamed as? What was the purpose of this Project?
Boulders Dam; Hoover’s Dam; create jobs for workers
Boulders Dam; President’s Dam; decrease water usage
Boulders Dam; River’s Dam; create jobs for workers
When did reality hit the stock market?
January 5th, 1929
April 5th, 1929
October 29th, 1929
Black Tuesday was when...
No stocks were sold
Many stocks were sold
Became known as “The Man Who Sold Out Before the Crash.”
Herbert Hoover
Bernard Baruch
Henry Kissinger
Ronald Regan
“Approximately, 2 million men became “_______________,” looking around for jobs.
- Fighters
- Caretakers
- Hobos
- Hoovervilles
Who made up the “Bonus Army?” How did they show support for Patman?
20,000 veterans and families
10,000 veterans and families
5,000 veterans and families
15,000 veterans and families
How did the panicked investors react to the stock market crash?
The investors sold 16 million shares in a single day. Some were sold for just pennies a day.
The investors sold their shares for 15 million dollars
Shares were sold for 1 million dollars
Low rates, low regulation is how the government supported.....
Businesses
When did farmers become “foreclosed?” How many farms were foreclosed? Why did this happen? What occupation did farmers have afterward?
Between 1929 and 1932; 400,00 farms foreclosed because the farmers had a hard time paying mortgages; farmers and families became migrant workers
Between 1935 and 1945; farms foreclosed because the farmers had a hard time paying mortgages; farmers and families became migrant workers
Between 1950 and 1999; farms foreclosed because the farmers had a hard time paying mortgages; farmers and families became migrant workers
Between 2000 and 2001; farms foreclosed because the farmers had a hard time paying mortgages; farmers and families became migrant workers
What was the cause of the Dust Bowl? The Dust Bowl was located in which states? Where else did the dust cover?
Drought and overproduction of crops; Oklahoma and Texas; New York and Atlantic Ocean
Burning of fuels; Oklahoma and Texas; New York and Atlantic Ocean
What did Congress propose for veterans after WW1? How did the veterans respond?
Bonus certificates for veterans; veterans wanted to be paid in full right away
Bonus certificates for veterans; veterans wanted to be paid halfway right away
Bonus certificates for veterans; veterans didn’t want to be paid at all
Bonus certificates for veterans; veterans revolted against Congress
Charity
Government
Taxes
Food
What happened with the businesses as a result of the governmental support?
Some businesses borrowed more money than they could pay back
Businesses shut down immediately
Businesses sent “thank you” notes to the government
Why did Hoover take a conservative approach to the growing poverty level?
He was afraid the people would revolt against the government.
He didn’t want the government to become too strong.
He wanted to become a democrat
What was Hoover’s statement to the people? How did Americans feel about President Hoover’s policies? Did anyone support his policies? If so, who?
a . “Recovery is just around the corner.” Americans were disappointed with Hoover’s policies. Andrew Mellon supported Hoover’s policies.
b.”Recovery is around the corner.” Americans were satisfied with Hoover’s policies. Only the people supported him.
c.”Recovery is around the corner.” Americans were satisfied with Hoover’s policies. Bill Clinton supported him.
What times does our class begin?
1:35p.m.
What other industry was affected by the Great Depression?
Textile, steel, automobile, railroads, banking
Railroad banking
Banking only
Textile, railroad, banking
What changed with European businesses as a result of the tariffs?
European countries were unable to participate in American trade
Asia was unable to participate in American trade
Africa could not participate in American trade
American trade ceased altogether
How were children impacted by the Great Depression?
They were not impacted at all
Children left school to work and assist their families
Children were impacted by illnesses
Children were forced to skip grades to graduate earlier
Both b and c
Both c and d
What time is lunch?
12:05p.m.
What time does our class end?
2:25 p.m.