When everyone tried to take their money out of the banks at the same time.
What is a run on banks?
Small encampments where people lived in makeshift shacks instead of homes.
What are Hoovervilles?
This happened to the soil when farmers over farmed during the Roaring 20s.
What is erosion?
A small share of a business that can be bought or sold.
What is a stock?
What is a Hooverville?
This occurred in 1929 when everyone tried to sell their stocks at the same time?
What is the stock market crash?
This happens when an economy shrinks over a long period of time.
What is a depression?
This weather phenomenon contributed to the formation of the Dust Bowl.
What is drought and/or wind storms?
The number of people who do not have jobs?
What is unemployment?
What is the Dust Bowl?
When the bank cannot give you your deposit back and has no money.
What is a bank closure?
President Hoover's response to the Great Depression.
What is Laissez-Faire economics?
Farmers did this in response to the stock market crash.
What is overfarmed the land?
The wealth and resources of a country or region, especially in terms of the production and consumption of goods and services.
What is the economy?
What is a run on banks?
Place these events in chronological order:
The Dust Bowl, The Stock Market Crash, Run on Banks
The Stock Market Crash, Run on Banks, The Dust Bowl
This President would have responded to low unemployment by creating a government program to give people jobs.
Who is Franklin Delano Roosevelt (FDR)?
Paying farmers to produce less food in order to increase prices is an example of this kind of government policy.
What is recovery?
A set of government programs passed by Congress while FDR was president to provide relief, recovery, and reform.
What is the New Deal?
What is the New Deal?
The reason the stock market crash was bad for banks.
What is banks had too many stocks and not enough cash?
Social Security, which provides money to senior citizens, is an example of this sort of government policy.
What is a reform?
This happened because farmers were producing too much food.
What are prices decreased?
Had multiple causes, was bad for the country, led to the election of FDR, and the New Deal.
What is the Great Depression.
The type of social program described in document 1.
What is a relief program?