Stock Market Crash
This form of buying stocks with credit is considered the main cause for the stock market crash of 1929.
What is buying on the margin?
Hoover believed that the stock market crash was not a cause for concern for this reason.
What is a natural down-cycle of a capitalist economy?
Franklin Roosevelt was elected in an landslide in 1932 because he promised the American people to do this.
What is something?/ take action?/ solve the Depression?
Many Republicans thought that FDR's New Deal did this, creating a turning point in the way Americans view their government.
What is created too much government power?
Many Americans lived in Hoovervilles, a result of this effect of the Great Depression.
What is homelessness?
Most stock brokers felt safe selling stocks for only 10% of the cost of the stock for this reason.
What is the Dow Jones had been steadily climbing throughout the 1920s?
During Hoover's Presidency homelessness was at an all time high, prompting Americans to name the shanty towns full of homeless people this name.
What are Hoovervilles?
This New Deal program put employed Americans to work building dams and bringing electricity to one of the hardest hit regions in America of the Depression.
What is the Tennessee Valley Authority?
Democrats like Huey Long criticized Roosevelt's New Deal for this reason.
What is it did not do enough to solve the Depression?
One of these two natural disasters made the physical, economic, and emotional toll of the Great Depression worse for the American people.
October 24, 1929, known as this "dark" day is the first widely noticed indication that the stock market was in trouble of crashing.
What is Black Thursday?
Herbert Hoover fired at, destroyed the camps of, and denied payment to this group of World War 1 veterans seeking to collect payment promised to them from Congress in 1932.
What is the Bonus Army?
The Civilian Conservation Corps did this to help America during the Depression.
What is put unemployed workers to work? Beautify our country's public spaces?/ Create national and state parks?
Many Republicans thought that Roosevelt unfairly targeted this group of Americans.
Who are businessmen?
Due to hunger and starvation, this medical condition was a problem among Americans during the Depression, particularly among children.
What is malnutrition?
In October 1929, stockbrokers made this move to stock owners in which they demanded the 90% difference owed to them for the full value of their stocks.
What are margin calls?
This is the political party of Herbert Hoover.
What is Republican?
This New Deal program paid some farm owners to not plant crops.
What is the Agricultural Adjustment Act?
Who are African Americans?/ Women?/ Latino Americans?
Many Americans received only one meal a day from these charitable places that gave out free food.
What are soup kitchens?
The investment in the stock market by these institutions is the main cause of the depression, not the stock market crash itself.
What are American banks?
This attempt of Herbert Hoover to solve the Depression involves giving money to the wealthy in hopes of stimulating business activity and employment.
What is "Trickle Down" economics?
This New Deal program was formed to protect banks from Americans who could not pay back their mortgage loans.
What is the Federal Housing Authority?
Despite opposition to the New Deal from both political parties, Franklin Roosevelt issued a new wave of New Deal programs in 1935 for this reason.
What is the Democrats won most of the election races in the midterm elections of 1934?
This process of banks taking back property from people who could not pay their mortgage was a major cause of homelessness in America during the Depression.
What is foreclosure?