Stock Market Crash
In what year did the Stock Market Crash that started the Great Depression occur?
(1929)
Which "army" showed up in Washington DC to demand extra pay that they were owed?
Bonus Army
Who was the President of the U.S. when the Great Depression started?
(Herbert Hoover)
What was the New Deal?
(A plan to help the economy recover)
Borrowing money in order to buy stocks is called...
buying on margin
What was the nickname for the day the stock market crashed?
(Black Tuesday)
What natural disaster made farming very difficult during the Great Depression?
(The Dust Bowl)
Who was elected President in 1932 and created the New Deal?
(Franklin D. Roosevelt)
What program regulated and watched over the Stock Market?
SEC
Name 2 groups that Eleanor Roosevelt fought for
women, minorities, children, etc.
True or False: Prior to the crash, many stock prices were OVER inflated?
TRUE
What was one way people in need found community?
Hoovervilles, soup kitchens, etc.
What was the name of Roosevelt’s radio speeches that comforted Americans?
(Fireside Chats)
What program brought changes to the banking system?
FDIC
What 2 things made the Dust Bowl a natural distaster?
drought, wind
What happens when people rush to take their money out of banks, causing banks to fail?
(A bank run)
Explain the Banking problems in the early 1930s
people withdrew their money, which caused banks to run out of money, which led to them closing, which led to people losing their savings, which led to people withdrawing money even more, and so on.
What was the name of Hoover's philosophy for how people should respond to the Great Depression?
Rugged Individualism
What program provided retirement payments to elderly Americans?
(Social Security)
What 2 things made the Dust Bowl a man made disaster?
tearing up grass, over farming, poor soil conservation methods
What is it called when the economy and stocks dip down as a normal part of the business cycle?
recession
What was the name of the large migration of farmers from the Great Plains to California?
(The Okie migration)
Who is the boss teacher on Team Odyssey?
Me
What New Deal program built large public projects like dams and bridges?
(Works Progress Administration, or WPA)
Explain the business cycle
more sales - more production - hiring - more money spent - more sales - more production - hiring - more money, etc.