WB p 116 How did WW I affect farmers and help lead to the Great Depression (answer to review question 1)
They bought land and equipment to meet WW I demand for crops. After the war the demand for crops was less, they planted the same amount and the market was flooded with cheap crops
100
WB p 117 What problems of the depression were common to both urban and rural people?
Unemployment, poverty and eviction
100
WB p 119 I. A Hoover called on business leaders to maintain employment, wages and prices. What other 2 things did he request? (answer to I A 2 and 3)
He asked wealthy to give to charity and asked local governments to provide relief
100
P 120 Who led army troops against protesters in Washington, DC during the summer of 1932? (reading check)
General Douglas MacArthur
100
P 121 Problem: failing banks - FDR's solution?
FDIC (Federal Deposit Insurance Corporation) insures bank deposits
200
WB p 116 Why was stock speculation a problem? (answer to review question 2)
Prices were raised to unrealistic and unsustainable levels
200
WB p 118 Drastic necessity caused many people to have to sell their belongings during the depression. What does drastic mean?(vocabulary strategy)
harsh or severe
200
WB p 119 I B Why did volunteerism fail? (answer to I B 1 and 2)
businesses cut wages and laid off workers and local governments didn't have money for relief
200
P 120 What does simultaneously mean? (reading check)
done or occurs at the same time
200
P 121 Problem: unsafe stock market - FDR's solution?
SEC (Securities Exchange Commission) to regulate stock market
300
WB p 116 In 1928, how did Americans show their approval for the way Republicans handled the economy? This was during the Roaring 20's? (answer to reading check)
They elected Herbert Hoover, a Republican as President
300
WB p 118 What were 2 major problems that farmers faced during the Great Depression? (review question 1)
Reduced prices (due to lower demand) and drought
300
WB p 119 II A Hoover used Federal resources to: (answer to II A, 1 and 2)
Create the Reconstruction Finance Corporation to give loans to big business and banks.
300
P 120 List details that support the conclusion that Hoover's policy of volunteerism failed (reading skill)
businesses cut wages and laid off workers plus local govt's didn't have money for relief
300
P 121 Problem: desperate plight of farmers - FDR's solution?
farmers paid subsidies and TWA builds dams (Tennessee Valley Authority)
400
WB p 116 Unequal distribution of wealth, stock market speculation and farmer's problems all converged leading to Black Tuesday. What does "converge" mean?
move toward the same result or move together (answer to vocabulary strategy)
400
WB p 118 What did regions of Texas, Oklahoma, Kansas, New Mexico and Colorado have in common? (reading check)
They were all parts of the Dust Bowl
400
WB p 119 II B Explain Trickle-down Economics (answer to II B, 1 and 2)
Governments lend money to business to help them hire workers, loan money to banks to make loans to businesses so they could hire more workers
400
P 120 What was President Hoover's first response to the depression? (review question 1)
he asked business leaders to maintain wages and employees
400
P 121 Problems in industry - FDR's solution?
National Recovery Administration (NRA) develops minimum wage codes and minimum prices for goods
500
WB p 116 List 3 of 4 possible reasons leading to the Great Depression (answer to reading skill)
Unequal distribution of wealth, stock speculation, tariffs and the banking collapse
500
WB p 119 III C Why did Trickle-down Economics fail? (answer to II C 2-3)
Some businesses got money and didn't hire, some banks got money and didn't loan it so unemployment remained high
500
P 120 What was the Bonus Army? (review question 2)
Group of WW I vets who protested Hoover's refusal to pay a promised bonus earlier than planned
500
P 121 Problem: Joblessness - FDR's solution?
-Civil Works Administration (CWA) provides jobs in public works -Civilian Conservation Corps (CCC) provides jobs for 2 million young men -Federal Emergency Relief Act provides grants to the unemployed -Public Works Administration (PWA) creates construction jobs