What is the way that people bought items from a store to have right away but would create a repayment plan to pay off the item over time - a type of loan?
100
Shantytowns created by its homeless civilians outside of large cities.
What are "Hoovervilles?"
100
Black Tuesday October 29, 1929
What is the day the stock market crashed and one of the leading causes of the Great Depression.
100
The Do-Nothing President.
Who is President Hoover?
200
Bank runs
What are people rushing to the banks to withdrawal all of their money from their savings accounts when the stock market crashed.
200
the Stock Market.
What is the public space where companies would offer shares of their business to individuals who would buy and sell shares in a company as a way to make quick money?
200
The act of organizing and allocating money to necessities when there is only one adult with a job in a family of 2 or more.
What is a family budget?
200
Bank Failures.
What was it was called when bank deposits were uninsured and the banks failed people by losing the depositor's savings, stopping the creation of new loans, and leading people to spend even less money?
200
The man of action.
Who is President Franklin Delano Roosevelt?
Who is NOT Theodore Roosevelt?
300
Buying on a margin.
What is going to a stock broker for a loan to put that money directly into the stock market with the hope of making back enough money to repay the stock broker and to make a profit.
300
Farmers could no longer use their land in the mid-west because of a drought so families had to leave everything behind in order to find work elsewhere.
What is the dust bowl?
300
Rugged Individualism.
What is the idea where each individual should be able to help themselves out, and that the government does not need to involve itself in people's economic lives nor in national economics in general?
300
Lower Buying Power
What is people who stopped purchasing items after the stock market crash, is people not repaying their loans or their installment plans, and is unemployment rising to 25%?
300
The New Deal.
What is relief, reform, and recover in response to the dramatic effects of the Great Depression?
400
Easy Credit.
What is an increased supply of money into the banking system making money easily available for public lending with lower interest rate; it is intended to encourage economic growth, thus leading to inflation. Occurred in the 1920's before the stock market crash.
400
The time period from 1929-1932 when all aspects of America's economy plummeted into ruin.
What is the beginning of the Great Depression?
400
Multiplier Effect
What is the cycle during the Great Depression where people were unemployed and therefore not buying more items; thus, businesses were selling less and firing more people?
400
American economic policy with Europe
What is the Hawley-Smoot Tariff Act that charged a high tax for imports thereby leading to less trade between America and foreign countries along with some economic retaliation.
400
Hawley-Smoot Tariff Act
What is the act that further impoverished Americans and American businesses during the Great Depression by taxing imported goods, which resulted in foreign countries taxing America's exported goods?
500
Underconsumption and overproduction.
What is the cyclical process of people not having enough money to purchase goods, which leads to producers creating fewer products that leads to people losing their jobs?
500
Stock Market Crash of 1929.
What is when the stock market began to plummet to extreme lows which resulted in an economic depression.
500
The key difficulties faced by Farmers, African Americans, Businessmen, Migrant Workers, Children, Mexican Americans, Women, and Families.
What is homelessness, unemployment, hunger, and overall poverty?
500
Drought Conditions in the Midwest.
What is the Dust Bowl or the inability of inhabitants to pay their taxes or other debts forcing them to sell their farms for no profit to themselves?
500
The only positive reaction to the New Deal that came from the Hoover Administration.