vocab 1
When a large number of customers withdraw their money from a financial institution at the same time.
Bank run
The western portion of this state was considered to be the center of the Dust Bowl and often experienced the worst dust storms in the country.
Oklahama
Which of the following was NOT a cause of the Dust Bowl?
Static electricity
What was one possible downside of buying stocks “on margin?”
If stocks lost value, investors would owed the rest of the stock’s value to the loaning bank.
What happened to Americans’ opinions of President Hoover by 1932?
Americans believed that Hoover was not doing enough to fix the Depression.
A market in which stock prices are falling, encouraging selling.
Bear Market
The nickname of a group of WWI veterans who marched on Washington D.C. during the Great Depression to demand early payment for their military service certificates.
Bonus Army
The CCC was a form of relief, reform, or recovery.
Why?
relief put young men to work immediately to get money to their families
What caused the Great Depression?
The overproduction of food and goods
Loss of uninsured money in the banks
The stock market crashed
What is NOT a way that President Hoover tried to fix the economy during the early Depression?
Hoover ordered government payments to be given directly to American families to boost consumer spending
The purchase of an asset (such as stocks or bonds) by paying a portion of the full price yourself, and borrowing the remaining balance from a bank or broker.
Buying on Margin
Using tractors, combines, and other machinery to grow crops.
Mechanized Farming
FDIC was a relief, reform, recovery
why?
reform- long term program created to insure money placed into banks
How did many Americans’ lives change between the 1920s and 1933?
Many went from having jobs and living well to being unemployed and impoverished.
Why did some people criticize New Deal Programs?
They gave the government too much control over the economy
To create more of what is needed to meet the need or demand.
Relief
Investment in stocks, property, or other ventures in the hope of gaining wealth but with the risk of loss of wealth as well.
Speculating
How did the New Deal change Americans’ party loyalties?
African-Americans, women, immigrants, and others switched from Republican to Democrat.
Where did many hobos go to find shelter?
Railway Cars
What was important about many of the New Deal’s relief programs?
Static electricity
A homeless person; typically young males during the Great Depression.
Hobo
A government system that provides monetary assistance to people with an inadequate or no income.
Name one New Deal program
FDIC
SSA
CCC
WPA
AAA
FDR’s set of government programs, designed to end the Great Depression, were know as...
During the Great Depression, unemployment in the United States rose as high as...
25%