Black Tuesday
What was the name of the day when the stock market crashed in 1929?
Black Tuesday
True or False:
Banks and Businesses were also affected by the stock market crash.
True
How did soup kitchens help people during the Great Depression?
a. Gave free jobs
b. Provided free meals
c. Sold cheap clothes
d. Built free kitchens
b. Provided free meals
Many farmers settled on which area of the US?
a. Mountain West
b. Great Plains
c. Good Plains
d. Deep South
b. Great Plains
What would happen if investors lost confidence in the stock market today?
a. Prices would rise
b. More people would buy
c. Prices might fall
d. Nothing would change
c. Prices might fall
True or False:
You can't lose money from investing in companies.
FALSE
stock prices can drop lower than what you paid for them which means you will have lost money
Millions of people lost their jobs. 25% or ____ out of ever 4 people were jobless.
a. 1
b. 2
c. 3
d. 4
a. 1
The unemployment rate of African Americans during the Great Depression was _______ that of white Americans.
a. 1/2x
b. 1x
c. 2x
d. 3x
c. 2x
Which of the following is not a reason that living in the Dust Bowl was dangerous?
a. Dust sometimes covered barns and farming equipment
b. Droughts and dust killed crops and animals
c. Dust filled homes and made people sick
d. Dust filled homes and made people have to clean constantly
d. Dust filled homes and made people have to clean constantly
(annoying but not dangerous)
drought
What are stocks?
a. small payments a company pays to its investors
b. small pieces of a company people can buy
c. people who give money to companies
d. extra money companies make from goods/services
b. small pieces of a company people can buy
Why did the Great Depression affect European countries?
The US couldn't send them money any more to help with war repairs
________ were shacks people built from discarded cardboard, tin, and/or wood to keep warm and dry when they were homeless.
shanties
Many people left the Dust Bowl and moved to which neighboring US state?
When a company makes a profit, it pays small amounts of money to its investors. These small payments are called ____________.
dividends
Which of these is a reason people bought stocks:
a. They wanted to one day own the company
b. They had extra money they wanted to get rid of
c. They thought they could get rich quick
d. They wanted to stop the depression
c. They thought they could get rich quick
Why did farmers have a harder time than other professions during the Great Depression?
a. They took out the most stocks in the stock markets
b. They were extra depressed
c. They couldn't make enough food
d. They had taken out loans during the war to expand their farms
d. They had taken out loans during the war to expand their farms and the crash took away the income they needed to repay them.
Finish the sentence:
Shantytowns were called Hoovervilles because ___________________________________.
Shantytowns were called Hoovervilles because President Hoover was blamed for the hard times in the US.
What did many children do instead of going to school during this time?
worked in the fields to help their families
During this time, many people moved from place to place looking for work or for better places to live. These people are called _________.
migrants
In your own words, explain how the stock market works. You must use the vocab words stock, invest/investors, and dividends to get the points.
*up to teacher's discretion*
When the stock market crashed, people panicked and pulled all their money from the banks. Explain how this ended up causing people to lose their homes and farms. (hint: it's a chain event)
The bank did not have enough money to pay everyone back, so it tried to collect on loans. When people couldn't pay back their loans, the bank would take their property instead.
Explain why life in Hoovervilles were very difficult.
*up to teacher discretion*
Name one of the two strategies farmers learned to protect their land in the Dust Bowl.
1. rotate their crops
2. plant trees to stop the wind
Defend your point:
Was it smart for people to pull all of their money out of the banks when the stock prices started to drop or should they have left it?
*up to teacher's discretion*