The Stock Market
Year of Stock Market Crash
1929
This event is generally considered the start of the Great Depression
Stock Market Crash
This weather condition that lasted until 1939 caused farmers' soil to turn to dust
Drought
What major Industry failed helping to cause the Great Depression?
The Banking Industry
Many people went into ___ buying things they could not afford.
Debt
Month of Stock Market Crash
October
President at the start of The Great Depression
Herbert Hoover
The Dust Bowl effected primarily which part of the country...
East Coast States, West Coast States or Great Plains States?
Great Plain states
According to Mr. Murray's brilliantly created "fill in the blank" activity, how many banks failed over the first few years of the Great Depression?
Over 10,000
Prior to the Great Depression, the United States had loaned millions of dollars to its allies recovering from what war?
World War I
When stocks become worth more than the value of the company
Over Speculation
This man was elected President in 1933 to replace Herbert Hoover.
Franklin D. Roosevelt
Millions of people migrated away from the Dust Bowl region of the Midwest. Around 200,000 migrants moved to this state.
California
The FDIC protects bank savings of up to how much money?
$250,000
What type of credit did people use to buy items in the 1920s?
Installment Plan
Prior to the Great Depression. people were often buying stocks on ___ ?
Credit
(We will accept Margin)
Shantytowns where homeless people lived were given this name to reflect people's blame of a U.S. President.
Hoovervilles
A severe drought in the 1930s, combined with poor farming practices, turned the Great Plains into a "___".
Dust Bowl
Today we have insurance in place to protect people's bank savings. What is the government insurance that protects people's savings?
FDIC
(Federal Deposit Insurance Corporation)
This is a tax on goods INPORTED into a country.
Tariff
This represents a share of ownership in a company, giving the owner a claim on its assets and profits.
Stock
What law, passed in 1930, hurt trade with other countries?
Smoot-Hawley Tariff Act
In the early 1930s, prices dropped so low that many farmers went ________ and lost their lands and farms.
Bankrupt
Prior to the Great Depression, many banks were ___
Unregulated
A series of laws enacted by President Roosevelt to help the country "deal" with the Great Depression.
New Deal