Vocabulary/Socialism/
individualism
individualism
what is a Tariff?
a tax that a government imposes on imported or exported goods. Tariffs are a way to regulate foreign trade and protect local industries.
When did herbert become president? (year)
1929
Who was Franklin D. Roosevelt/what did he do?
He made New deal Programs
what was the bonus army?
Army not getting any bonus for being in warzones, and almost being invisible.
What was Smoot-Hawley Tariff, what did it do
raised taxes on imports, led to retaliation from foreign governments that reduced American exports, and contributed to the worsening of the Great Depression
What is Stock?
a product or type of product usually kept in stock and thus regularly available for sale.
Who signed the Smoot-Hawley Tariff in 1930 of June 17th?
Hoover signed the tariff on June 17, 1930.
Who was Sinclair Lewis/what did he do?
didn't like capitalism
What charities were involved during the great Depression?
the Salvation Army, the American Red Cross, and the YMCA
What was Black Thursday?
Why did socialism gain popularity during the Great Depression?
Socialists favored government policies, were designed to relieve much of the suffering caused by the Depression.
What was the Smoot-Hawely Tariff originally supposed to do?
Supposed to be a flexible and beneficial Tariff for farmers, workers, and industries, but ended up freezing trades internationally, as well as making the situations worse.
Who was Huey long/what did he do?
stimulated economy by advocating massive federal spending, a wealth tax, and wealth redistribution, since he didn't like the new deal.
what was the bank run
loss of confidence caused anxious depositors to create "runs" on banks as they tried to withdraw their money before the banks collapsed
what was Black Tuesday?
Billions of dollars were lost, wiping out thousands of investors
What social consequences happened during the Great Depression?
Family breakdowns, the rise of homelessness, and the creation of shantytowns
How did the dust bowl happen?
Severe drought issues and farming practices that made the land vulnerable to erosion, and therefore the dust bowl happened, and people were forced out their houses.
Gave Americans entertainment in radio station; was a priest
What happened when people began to realize that nothing was being bought?
Everyone rushed to banks to take their money, but the bank ran out, so most people couldn't get their money and resulted in homelessness and poorness.
Why is it mostly the farmers faults and great Depression for making the Dust bowl?
Great Depression caused low crop prices forcing farmers to plant more crops on marginal lands to try to maintain income, further depleting the soil.
farmers often plowed up large areas of prairie grasslands, removing the natural vegetation that held the soil
Poor farming practices like not rotating crops led to a depletion of nutrients in the soil, making it even more susceptible to erosion
etc.
Who was Eleanor Roosevelt/what did she do?
Eleanor Roosevelt was first lady serving in White House during great depression