Category 1
What did the Wall Street crash triggered?
The Great Depression
Who was the president during the crash? (Full name)
Herbert Hoover
When did the stock market crash? (Full Date)
October 24th 1929
What is stock exchange?
The place where shares in a company are being bought and sold.
Name the 3 R’s (in order) ;)
Relief, Recovery, Reform
What is the difference between a bull and bear market?
A bull market are where investors are confident (business is doing good/booming), prices are rising and people are buying shares. Whereas, in a bear market investors are trying to sell their shares, because prices are rising.
What type of President was The President during this time?
Republican
Give 2 effects of the Great Depression
Unemployment, Industrial production dropped, house building galled, banks were closing, and people were hungry
Give 2 things that happened during hard times
Homelessness grew, women pick scrapes and rubbish to feed their families, Americans was on the brink of starvation
What made Roosevelt sympathetic towards ordinary Americans?
His illness polio which left him crippled permanently enhanced his ability to relate to ordinary Americans
Who created POUR and what does it stand for?
Herbert Hoover
Presidents Organization for Unemployment Relief
What did the President during this time believe?
They could sit out the crisis. “Prosperity is around the corner.”
What did the president during this time did not believe?
That’s the state should not organize work, provide food and shelter for the poor
Give 2 long term reasons for the Crash
Overproduction in industry, Overproduction in agriculture, Commerce, Property Prices, Failing demands for goods, The rich took their fair share and Too many small banks.
State 3 alphabet agency (abbreviations and full name)
Ccc- Civilian Conservation Corps
Aaa- Agriculture Adjustment Act
Fsa- Farm Security Administration
NLB- National Labour Board
Define depression.
A serious decline in the economy with business cutting back or closing down and a large rise in unemployment.
What are ‘Hoovervilles’?
Shanty Towns where poor families build slum homes of canvas and wood on rubbish tips
What was the date of the crash also known as?
Black Thursday
Give 2 short term reasons for the Crash
1. The stock market
2. Over speculation
3. Loss of confidence and a sudden fall in prices
When did Roosevelt took office?
March 1933
What caused the stock market to crash?
Overproduction
Stocks purchased on the margin
Many prices were overvalued as the value of the companies began to fall.
Persons borrowed money to buy shares because it could always be paid back, but those who did this was ruined. Because the shares were worthless.
There was growing bank loans.
ETC
What does buying on the margin mean?
Borrowing money to buy shares
What is speculation?
Investment in stocks, property etc, in hope of gain
Give 3 effects of the stock market crash
Many banks closed. People lost their jobs. Investors lost money in the Crash and could not pay back loans. Workers‘ wages were cut. Ordinary people lost their savings. Etc
Who were the persons that did not support the new deal?
Wealthy Businessmen and Politicians, Huey Long, The Supreme Court, Rich upperclass woman, Republican politician