Terms 1
Lines that gave out food to citizens
What are Soup kitchens and bread lines
The major accomplishment of Herbert Hoover's political career
He proposed a dam on the Colorado River. The dam allowed CA to become the agricultural state that it is today.
Using a loan to buy stock
What is Buying on margin
The effect of the Great Depression on urban society versus rural society
What is in rural society, those who were able to stay on their land at least had food to eat. However, both urban and rural society had citizens being kicked out of their homes.
Safety net protocols that help during crisis
What is Direct relief
What was the Dust Bowl and what happened as a result
The dust bowl was a long drought in the Midwest paired with little grass or trees to hold down the soil. Windstorms picked up the loose dirt and carried it in huge walls of dust across the country. As a result, food was hard to grow on farms.
Citizens weren't working, had no food, and lost their homes. Citizens often thought it would fix itself
What is the Business cycle
What was the Bonus Army and how did Hoover react
What was over 10,000 WWI vets gather id Washington DC. The Patman Bill was attempted to be passed to pay a bonus to vets who were not adequately paid for their service. The bill failed to pass. Hoover sent in the army to get rid of them.
People bought stocks after experts told them the price would rise, completely ignoring the risk of the price dropping
What is Speculation
The four causes of the Great Depression
What is tariffs and war debt, overproduction in farming, buying on margin, and unequal distribution of wealth
High protective tariff designed to protect American business
What is the Hawley-Smoot Tariff Act
The actions Hoover took to deal with the Great Depression
What is the Federal Farm Board, the Federal Home Loan Bank Act, and the Reconstruction Finance Corporation
Used to measure the Stock Market
What is the Dow Jones Industrial Average
On a scale of 1-10 how prepared are you
What is 10
Government gave 2 billion dollars to banks, large corporations, and life insurance companies. Early form of trickle-down economics
What is the Reconstruction Finance Corporation
On a scale of 1-10 how prepared are you
What is 9.5