Vocabulary
Who was mainly impacted/affected by the Dust Bowl?
Farmers were mainly impacted during the Dust Bowl.
Who created the New Deals?
Franklin D. Roosevelt (FDR)
Who signed the Smoot-Hawley Tariff?
Herbert Hover
How do soup kitchens help people?
They help people by providing good food for free or very cheap.
Did this even negatively or positively affect the banks and people? How?
This negatively affected banks and people. Banks had to shut down and many people didn't get all their money back.
Who is a stock broker?
People who buy stocks, then sell them on behalf of their clients/customers.
Who was the first lady serving during the Great Depression.
Eleanor Roosevelt.
What problem did the Smoot-Hawley Tariff cause internationally?
It froze international trade.
What was the purpose of Hoovervilles?
The purpose was to help homeless people and provide shelter for them.
What was the main reason people wanted to take their money out of the banks?
The main reason was the stock market crash and people didn't want to lose their money.
What is the definition of dividend?
The money that is paid regularly is a dividend. Similar to taxes.
Which President was widely disliked for worsening the economy during the Great Depression?
Herbert Hoover.
What was one of the main goals of the Smoot-Hawley Tariff?
To protect local industries
True or false: Hoovervilles was supposed to help the homeless but it worsened it.
False. Hoovervilles greatly helped homeless people.
Why didn't the bank have enough money to give to all the people who came back to collect their money?
They didn't have enough money because people took out loans and never paid them back.
What is the difference between the bear market and the bull market?
The Bear market is the prices constantly declining. While, the Bull market is where the prices constantly increase.
What did Father Charles Coughlin do to help/contribute to the economy during the Great Depression?
He had a radio broadcast that encouraged people.
How did other countries respond to the Smoot-Hawley Tariff?
The responded by raising their tariffs.
What did the houses in Hooverville look like?
They are small shack-like buildings. They are small but sustainable.
What happened when the bank didn't have enough money to give everyone?
They shut down the banks.
Did Black Thursday or Black Tuesday occur first? What was the difference?
Black Thursday occurred first. The main difference is that the economy was able to recover from Black Thursday. But they couldn't recover from Black Tuesday.
How did Sinclair Lewis help the economy?
He help in the meatpacking industry.
What did Herbert Hoover want from the Smoot-Hawley Tariff act?
He wanted to boost farm prices and help the farming economy.
What food was mainly served at soup kitchens? Why?
Soup was mainly served because water could be added to make more soup.
How did people generally feel about the banks during the bank runs?
The people who had their money returned felt glad/happy. But those who didn't get their money back were outraged and angry.