Causes and Effects
This major event marked the beginning of the Great Depression.
What is the Stock Market Crash?
This type of financial institution failed by the thousands during the Great Depression, causing many people to lose their savings.
What are banks?
During the Great Depression, millions of Americans were without this.
What is a job?
During the Great Depression, this group of people often lost their jobs first due to racial discrimination.
Who are African Americans?
President Herbert Hoover was in office when this major economic crisis began.
What is the Great Depression?
During the Great Depression, millions of Americans lost these, leading to widespread poverty.
What are jobs?
When people rushed to withdraw their money from banks all at once, it was called this.
What is a bank run?
Many unemployed people stood in long lines to receive free meals at these.
What are soup kitchens?
Many women were discouraged from working during the Depression because people believed these should be the main money-makers.
What are men?
Hoover believed that people should help themselves and not rely too much on government aid.
What is Rugged Individualism?
One key cause of the Great Depression was this risky practice of buying stocks with borrowed money.
What is buying on the margin?
The U.S. government created this organization in 1933 to insure bank deposits and restore public trust.
What is the FDIC (Federal Deposit Insurance Corporation)?
These makeshift communities of homeless people were named after the president blamed for the Depression.
What are Hoovervilles?
Some employers used the phrase “last hired, first fired” to justify firing these workers first.
Who are minority workers?
This large public works project, started under Hoover, was meant to create jobs and provide hydroelectric power.
What is the Hoover Dam?
This environmental disaster worsened the Depression in the Midwest, driving many farmers off their land.
What is the Dust Bowl?
Before the collapse, banks often made risky _____, contributing to their failure.
What are loans?
Some families sent children to live with relatives or gave them up due to this growing economic hardship.
What is poverty?
This ethnic group, especially in the Southwest, was often deported or pressured to leave the U.S. during the Depression, even if they were citizens.
Who are Mexican-Americans?
Hoover created this organization in 1932 to loan money to banks and businesses, hoping it would "trickle down" to the people.
What is the Reconstruction Finance Corporation (RFC)?
This U.S. government program, launched by FDR, aimed to provide relief, recovery, and reform during the Depression.
What is the New Deal?
This monetary policy mistake by the Federal Reserve during the early 1930s made the banking crisis worse.
What is raising interest rates?
Widespread unemployment led to this emotional and psychological effect on many men who were unable to support their families.
What is depression?
New Deal programs often excluded or offered fewer benefits to these two marginalized groups.
Who are African-Americans and women?
Hoover was criticized for his handling of this 1932 event, when World War I veterans marched on Washington for early bonus payments.
What is the Bonus Army March?