1920s Contributions to Collapse
WHILE SOME PEOPLE'S ECONOMIC STANDINGS SEEMED TO THRIVE DURING THE 1920S, OTHERS STRUGGLED, BARELY ABLE TO EARN A DECENT THIS.
WHAT IS LIVING?
WHAT IS SPECULATION?
WHEN THE STOCK MARKET PLUNGED ON OCTOBER 24TH, 1929, PANICKED INVESTORS BEGAN DOING THIS WITH THEIR SHARES
WHAT IS UNLOAD/SELL/GET RID OF?
THIS IS THE PERIOD FOLLOWING THE ROARING 20S - A PLUMMETED ECONOMY AND WIDESPREAD UNEMPLOYMENT AND POVERTY
WHAT IS THE GREAT DEPRESSION?
PRESIDENT HERBERT HOOVER THOUGHT IT BEST IF THE GOVERNMENT DID THIS DURING FINANCIAL CRISIS
WHAT IS NOTHING, STAYED OUT OF IT?
WHAT IS CREDIT?
TWO PARTS: THIS HAD BECOME THE MOST VISIBLE SYMBOL OF A PROSPEROUS AMERICAN ECONOMY, AND THIS WAS/IS THE MOST WIDELY USED BAROMETER OF THE STOCK MARKET'S HEALTH
WHAT ARE THE STOCK MARKET AND THE DOW JONES INDUSTRIAL AVERAGE?
OCTOBER 29TH, 1929, CONSIDERED THE START OF THE GREAT DEPRESSION, THE STOCK MARKET CRASH, IS KNOWN AS THIS
WHAT IS BLACK TUESDAY?
FOLLOWING THE STOCK MARKET CRASH, MANY PEOPLE TRIED TO REMOVE THEIR MONEY FROM THESE INSTITUTIONS. UNFORTUNATELY, THOSE SAME INSTITUTIONS HAD USED THOSE FUNDS TO PURCHASE STOCKS, AND MILLIONS OF PEOPLE LOST ALL THEIR MONEY
WHAT ARE BANKS?
MUCH OF THE WORLD WAS ALSO AFFECTED THE GREAT DEPRESSION, AS IT COMPOUNDED THEIR ALREADY FRAGILE FINANCIAL PROBLEMS BY LIMITING AMERICA'S ABILITY TO THIS
WHAT IS IMPORT EUROPEAN GOODS/TRADE INTERNATIONALLY?
DURING THE 20S, THE RICH GOT RICHER AND THESE PEOPLE GOT POORER.
WHO ARE THE POOR?
IF THE VALUE OF STOCKS DID THIS, PEOPLE WHO HAD BOUGHT ON MARGIN HAD NO WAY TO DO THIS
WHAT IS PAY OFF THEIR LOANS?
16.4 MILLION
WHAT IS THE NUMBER OF SHARES DUMPED ON BLACK TUESDAY?
DUE TO LACK OF FUNDS, CONSUMERISM TANKED, RESULTING IN BUSINESSES GOING THIS, LEADING TO MASS UNEMPLOYMENT?
WHAT IS BANKRUPT?
THIS ACT, PASSED IN 1930, ESTABLISHED THE HIGHEST PROTECTIVE TARIFF IN US HISTORY, DESIGNED TO PROTECT AMERICAN FARMERS AND MANUFACTURERS FROM FOREIGN COMPETITION. UNFORTUNATELY, IT ACTUALLY HAD THE OPPOSITE EFFECT
WHAT IS THE HAWLEY-SMOOT TARIFF?
WHILE $2500/YEAR WAS CONSIDERED THE MINIMUM AMOUNT NEEDED FOR A DECENT STANDARD OF LIVING, EVEN FAMILIES EARNING TWICE AS MUCH COULD NOT ______________ MANY HOUSEHOLD PRODUCTS THAT MANUFACTURERS PRODUCED.
WHAT IS AFFORD?
WHEN STOCK PRICES ARE LOW, INVESTORS _______, THEN TRY TO ________ WHEN STOCK PRICES ARE HIGH.
WHAT ARE BUY AND SELL?
BY MID-NOVEMBER, INVESTORS HAD LOST ABOUT $30 BILLION, AS MUCH AS AMERICAN HAD SPENT DURING THIS GLOBAL CONFLICT
WHAT IS WW1?
DURING THE GREAT DEPRESSION, 1 OUT OF THIS MANY PEOPLE WERE UNEMPLOYED
WHAT IS 4?
PEOPLE WHO HAD FOUND THEMSELVES HOMELESS DURING THE DEPRESSION CONSTRUCTED TOWNS OF SHACKS IN WHICH THEY NOW LIVED. NO RESOURCES, NO UTILITIES. THESE TOWNS BECAME KNOWN AS THESE
WHAT ARE SHANTYTOWNS/HOOVERVILLES?
THIS IS PAYING A DOWN PAYMENT AND BORROWING THE REST.
WHAT IS BUYING ON MARGIN?
THIS TYPE OF MARKET IS A PERIOD OF RISING STOCK PRICES, AND OFTEN PEOPLE RUSH TO BUY
WHAT IS A BULL MARKET?
HE WAS THE PRESIDENT DURING THE START OF THE GREAT DEPRESSION
WHO IS HERBERT HOOVER?
THIS GROUP OF PEOPLE WERE LIKELY THE HARDEST HIT DURING THE GREAT DEPRESSION
WHO ARE FARMERS?
WHAT ARE SOUP KITCHENS AND BREAD LINES?