Vocabulary
A dramatic economic downturn that typically lasts 2-5 years.
What is an (Economic) Depression
A secret, illegal bar where alcohol was sold during Prohibition
What is a Speakeasy
The GD was caused by all of these factors EXCEPT?
A. Overspending on credit
B. Lack of supply
C. Stock market crash
D. Growing wealth inequality
B. Lack of supply
Meaning "hands-off", it's when government involvement in the economy is limited.
What is Laissez-Faire
A woman who was independent, smoked and drank in public, and wore short skirts.
What is a Flapper
This President believed that rugged individualism, hard work, and private charity were the solutions to the GD
Who is (Herbert) Hoover
When a bank loans a person money with the idea that they will pay it back with interest.
What is credit.
This law/event caused an increase in Organized Crime
What is Prohibition
The area of the U.S. devastated by drought and wind storms during the GD was nicknamed this
What is the Dust Bowl
When the government controls political and economic activities by using rules and restrictions.
What is regulation
Which statement best describes the economy during the 1920s?
A. It was a depression
B. It was a recession
C. A time of downfall
D. A time of prosperity
Compared to the previous president, this President was very "hands-on"
Who is Franklin Delano Roosevelt (FDR)
When a person borrows money from a bank to buy stock.
What is Buying on the Margin
An increase in the membership of this group led to an increase in racial tension in America.
What is the Ku Klux Klan (KKK)
These shantytowns got their nickname as a display of disgust with the president
What is a Hooverville
This was FDR's solution to the GD. It included Social Security, Civilian Conservation Corps, and the FDIC
What is the New Deal