People
Who was the president for most of the Great Depression?
Herbert Hoover
What group was taking over in Europe during the Great Depression?
Nazis
what kind of storms happened in the dust bowl?
dust
What crashed in the Great Crash of 1929?
stock markets
What % of farm families were impoverished in 1939?
a. 50%
b. 82%
c. 13%
d. 99%
b. 82%
Who was NY governor from 1954-1965?
Robert F Wagner
What spread in Asia during the great depression?
Japanese Imperialism
What happened to livestock?
died or was sold 🐮🐷🦝🐔🐒
what's monetary policy?
When the government controls and influences economic activity
Why did the Great Depression spread around the world?
The gold standard
What year did Franklin D Roosevelt become president?
1933 AD
Where did a lot of Europeans flee when the Nazis were taking power?
USA
What group did the dust bowl mostly affect?
farmers in rural areas
What is the difference between capital goods and consumer goods?
capital goods: Things used to produce goods, physical products, buildings, machines
consumer goods: The finished goods, services, clothes
What years was the Great Depression during?
1929-1939
Who was Franklin D Roosevelt's Secretary of labor? (1st woman with a cabinet position)
Frances Perkins
Why didn't the US help with Asia and Europe's problems?
They were also struggling especially with money
Why was the prices of crops dropping more and more?
farmers produce more crops to make more money → prices for crops go down even more because they lose value as supply increases
What happened on Black Thursday? (be detailed)
price of stock declines, everyone sells their stocks for cheap, stock market crashed
What was banking panic?
People lost faith in their banks, everyone tried to withdraw all their money at once, the banks didn't have enough cash so all the banks failed
Name at least 1 thing Franklin D Roosevelt's secretary of labor pushed for and they were enacted?
1. maximum age
2. no kids under 16 working
3. unemployment compensation
Why did Japan and China have to use force to get resources?
They didn't have equal rights in the League of Nations
Name at least 2 states the dust bowl affected
Kansas, Colorado, Oklahoma, Texas, New Mexico
What is the formula for aggregate demand?
C + I + G + Nx
C = consumption
I = investment (private)
G = government spending on the public (ex. infrastructure)
Nx = exports minus imports
What movie showed America's hope towards the end of the Great Depression?
The Wizard of Oz