The periodic growth and contraction of the economy.
What is the Business Cycle
100
The general term used to describe Dust Bowl refugees.
What is Okies
100
Why did Hoover order the removal of the Bonus Army from its camps?
What is He was worried about the potential for violence.
100
How did the unemployment rate of African Americans compare to that of the national rate?
What is it was nearly double the national rate.
100
Why did the Bonus Army march on Washington D.C.?
What is President Hoover vetoed a bill providing for early payment of bonuses.
200
A protective import tax authorized by Congress in 1930.
What is the Hawley-Smoot Tariff
200
Federal agency set up by Congress in 1932 to provide emergency government credit to banks, railroads, and other large businesses.
What is Reconstruction Finance Corporation
200
How did MacArthur’s tactics in removing the Bonus Army affect Hoover’s political future?
What is They doomed his political prospects.
200
Why did volunteerism fail?
What is Businesses and citizens acted in their individual best interests.
200
What economic condition did economist John Maynard Keynes believe caused the Great Depression?
What is a lack of government intervention
300
October 29, 1929, when stock prices fell sharply in the Great Crash
What is Black Tuesday
300
Economic theory that holds that money lent to banks and businesses will trickle down to consumers.
What is Trickle-Down Economics
300
What was the negative aspect of easy credit and buying stocks on margin?
What is it led to increasing debt.
300
Why did President Hoover respond cautiously to the Great Depression?
What is he thought the business cycle would correct itself.
300
President Hoover urged Congress to institute the Reconstruction Finance Corporation because he believed that the economy suffered from what?
What is a lack of credit
400
The term used to describe makeshift shantytowns set up by homeless people during the Great Depression.
What is Hooverville
400
A general that helped President Hoover clear out the Bonus Army marchers from Washington D.C.
Who is Douglas MacArthur
400
How did the uneven distribution of the nation’s wealth weaken the American economy?
What is the wealthy could not spend enough to keep the economy growing.
400
Why did Congress institute the Reconstruction Finance Corporation?
What is to loan money to banks so that they could lend money to businesses to stimulate economic activity
400
What government system did some Americans blame the Great Depression on?
What is Capitalism
500
The practice of making high-risk investments in hopes of obtaining large profits.
What is Speculation
500
Policy relied on by President Hoover in the early years of the Depression whereby local and state governments act as primary agents of economic relief.
What is Localism
500
What were three of the five primary causes of the Great Depression?
What is - unsold agricultural surplus
- increasing farm debt
- hardships in Europe
- uneven wealth distribution
- widespread stock market speculation
500
Why did many Americans decide that the country needed new leadership in 1932?
What is President Hoover’s volunteerism and trickle-down economic policies had failed.
500
What helped hide economic problems in the 1920’s?
What is Americans purchased many consumer goods on credit