Herbert Hoover
What state is Herbert Hoover from?
Iowa
What were migrants from Oklahoma called?
Okies
What are the two days when the Stock Market started to crash in 1929?
Black Thursday and Black Tuesday
What do Hoovervilles and Hooverflags represent (in their name)?
Discontent or disapproval of Herbert Hoover
Did Hoover's plan to fix the Depression ultimately succeed?
No
What was Hoover's belief that local governments and charities should solve problems?
What event is commonly seen as the start of the Great Depression
The Stock Market Crash of 1929
What did investors do when the stock market started to drop sharply in October 1929
Get their money out of the stock market
What was the Bonus Army protest focused on?
Veterans compensation (a bonus) from World War 1
What town gained popularity thanks to workers on the Hoover Dam?
Las Vegas
What was Herbert Hoover's Campaign Slogan?
"A Chicken in Every Pot and a Car in Every Garage"
What is a reason for the Dust Bowl?
Overproduction, poor farming practices, severe drought
Immediately after the crash, thousands of banks closed because they:
Ran out of money to give their customers (Bank Runs)
What is a Hooverville?
A shantytown or encampment of homeless people
What was the goal of Hoover's Reconstruction Finance Corporation (RFC)?
To give money to banks to loan to businesses to hopefully hire employees
What was the major public works project that Hoover supported?
Hoover (Boulder) Dam
When crops failed what did many farmers have to do?
Sell their farms and move
How did the Great Depression in America effect the rest of the world?
It led to a world wide depression
Who was in the Bonus Army?
World War 1 Veterans and their families
Smoot-Hawley Tariff
What was Herbert Hoover's economic approach to the Great Depression?
Trickle Down Economics
What was the population shift due to the dust bowl (rural states and urban cities)
People moved away from rural areas and into cities
How did the consumer economy lead to the Great Depression?
People purchased with credit leading to more debt (also buying on the margin)
Who were the two people that Hoover had kick out the Bonus Army?
Dwight D Eisenhower and Douglas MacArthur
What is the term we discussed to describe "gambling on the stock market"
Speculation