What was "Black Tuesday"?
The day that the stock market crashed.
People did not have a lot of money during the Depression. Because of this, they bought fewer products. When fewer products were being bought, what happened to the factories?
They either closed or cut down on production (produced less products.)
What were the 3 major goals of the New Deal?
The 3 Rs- Relief, Recovery, and Reform!
There was a surplus of crops after World War I. What does "surplus" mean, and what effect did the surplus have on American farmers?
A surplus is when there is too much of a product. Crop prices fell and farmers lost their jobs.
When factories closed and cut back on production, what happened to people who worked at the factories?
People lost their jobs.
Why did the banks close?
to many people took money out
During the Great Depression, crop prices went down even more. What happened because of this?
Farmers lost their jobs because they were not making enough money.
What is a stock? Why did the stock prices fall leading up to the Great Depression?
A stock is a share of a company. Stock prices fell because companies were not making as much money.
Americans were unhappy with Herbert Hoover because they blamed him for the Great Depression. What happened because of this.
Franklin Roosevelt was elected in 1932.
What happened when oil and concrete replaced coal and timber as sources for fuel and construction?
People in coal mines and lumber mills lost their jobs.
During the Depression many people lost their homes. They built small homes called shanties out of cheap materials. What were towns of these shanties called?
Hoovervilles.