Causes of the Depression
These industries struggled in the late 1920s.
What are the railroads, textiles, steel, mining, lumbering, coal, automobiles, and construction industries?
These Shantytowns were named after the President of the United States.
What are Hoovervilles?
Hoover's philosophy about government assistance.
People should take care of their own families and not depend on the government.
Many Americans developed this practice in order to spend less money and get the biggest bang for their buck.
What is becoming thrifty?
This political party held control of the Executive branch from 1921 to 1933.
Who is the Republican Party?
The reduction of the general level of prices in an economy.
What is deflation?
These were free or low-cost meals provided to the hungry.
What were soup kitchens?
President Hoover ordered this General to disband the Bonus Army.
Who is General MacArthur?
Mental health deteriorated during the Depression, leading to this major trend in state hospitals admissions.
What was a tripling of admissions to mental institutions?
The Dow Jones Industrial Average tracked the state of this.
What is the stock market?
This day marks the start of the Great Depression.
What is Black Tuesday? (Oct. 29, 1929)
These men traveled the country by freight train.
Who are Hoboes?
The Senate and President Hoover did NOT support this bill regarding the Bonus Army.
What is the Patman Bill?
They rose over 30% between 1928 and 1932.
What happened to suicide rates during the Great Depression?
Many schools closed or shortened their year during the Depression because of this.
What was a lack of tax revenue?
People bought goods on this "buy now, pay later" option.
What is living on credit?
This group of WWI veterans demanded early payments promised to them.
Who were the Bonus Army?
This massive project during the Great Depression rivaled the engineering marvel of sending a man to the moon.
What is the Boulder (Hoover) Dam?
This group of people budgeted carefully, canned food, sewed clothes, and worked outside the home despite resentment.
How did women help their families survive?
This practice led investors to take on more debt on Black Tuesday, as they had invested in stocks using credit rather than their existing funds.
What is buying on margin?
This legislative act increased tariffs and triggered a global trade war that ultimately harmed the US economy.
The Hawley-Smoot Tariff Act of 1930
By 1933, this percentage of workers were unemployed.
What is 25%
This organization gave emergency funds to businesses.
What is the Reconstruction Finance Corporation?
Despite hardships, many Americans showed this quality toward strangers.
What was kindness and generosity?
This cultural icon introduced in 1938 became the first modern superhero, offering Americans a symbol of hope.
Who was Superman?