Very Vocabulary
The normal up-and-down pattern of the economy is called_______________________.
What is the business cycle?
Many people deciding to sell their stocks resulting in an increase in supply of stocks and a collapse of stock prices was the MAIN CAUSE of the _______________.
What is the Stock Market Crash?
When the radio became popular writers ___________.
What is found it more difficult to sell their work.
This part of America was the least affected by the Great Depression due to their large, corporate farms.
What is California?
These boomed in the 1920s.
What are American businesses?
The severe economic downturn that devastated the economies of nations all over the world during the 1930s is called _____________.
What is the Great Depression?
During the 1920s, the effect of speakeasies, citizens breaking the prohibition laws, bootleggers, and bribery of legal officials was __________________________.
What is the failure of prohibition?
A time when many Americans were afraid of the possibility of Communists gaining power in the U.S. government was called __________________.
What is the Red Scare?
FDR helped citizen regain faith in the banking system by creating the _____________________.
What is the Federal Deposit Insurance Corporation?
He wanted to build an automobile that was affordable for most Americans.
Who is Henry Ford?
The event during which African-Americans from the South moved North looking for opportunities and freedoms offered in big cities is known as __________.
What is the Great Migration?
The two biggest factors that determine the price of a good are______________and_________________.
What are supply and demand?
This is the most important change to happen in the 1920s.
What is the rise in wages?
Panic after the stock market crash led to customers rushing to their banks to withdraw their money. This caused ________________.
What is the banking crisis or bank closures.
Americans believed_______________ as president, would force the government to deal with the problems of the Great Depression and provide help for needy citizens.
Who is Roosevelt?
Following Ford's business example, many American companies started allowing buyers to purchase items, and then pay for them over a period of time, known as ________________.
What are installments (or installment plan/buying)?
Model T's were more affordable because of this.
What is...(at least one of the following)
-An assembly line was used to cut costs.
-Workers specialized in one part of the process doing one job over and over.
-Buyers could purchase and pay using an installment plan.
-civil rights for African Americans
-voting rights for women
-the sale and distribution of alcohol was illegal
What are civil rights for African Americans?
Hoover and Roosevelt had very different points of view regarding how to deal with the disasters of the Great Depression. Hoover believed _________________________.
What is it was NOT the federal government's role to provide direct help to Americans.
This was FDR's plan to help Americans deal with the issues of the Great Depression.
What is the New Deal?
Purchasing stocks on credit, or with borrowed money is called ______________________.
What is "buying on the margin"?
Effect: Great Depression; Causes:________________
1. Living on credit
2. Stock Market crash
3. Banking crisis
4. Bad trade practices/tariffs
5. Bad farming practices/Dust Bowl
Flappers, women who cut their hair short and wore makeup and short dresses, are important to the history of the U.S. because...
What is they challenged the traditional ideas about how women were supposed to behave?
Name the five main causes of the Great Depression.
What is (in any order):
1. living on credit
2. stock market crash
3. banking crisis
4. bad farm practices
5. bad trade policies
This provided retirement payments to the elderly, provided monthly disability payments to the disabled, and required people with jobs to pay an additional tax.
What is the Social Security Act (SSA)?