Definitions
The collapse of the United States and world economies beginning in 1929
Great Depression
October 29, 1929. Sharp fall in the stock market. 16 million shares were sold. $14 billion dollars were lost. This event was known as...
What is Black Tuesday?
He was President when the Stock Market Crashed.
Who was Herbert Hoover?
Condition during the Great Depression, when people lost their houses and belongings.
What is homelessness?
Name given to shanty towns built with metal scraps, wood and other materials.
What is Hoovervilles?
What happened when banks had to begin calling in debts between 1930-1931?
Out of fear, and a rumor, people began withdrawing their money out of banks
T or F The United States was the only country affected by the depression.
False
What was a result after the Dust Bowl?
Farmers took better care of the soil.
This is what you purchase when you buy a piece of a company.
What is a share?
Why did banks take people's houses and farms?
to get back money from loans
What were people doing when getting stock that led to the crash?
What is buying on credit?
What was the problem with Hoovervilles?
They had no electricity or sanitation
You own this in a company.
What is stock?
This is when factories made more goods than people could afford to buy
What is overproduction?
As farmers lost their land, most migrated to this region of the United States.
What is California?
These were large lines where people waited to receive free food from the government.
What are Soup or Breadlines?
Name given to the area of the Great Plains that had a severe drought and wind blew away the soil
What is the Dust Bowl?
These started to fail as banks could no longer afford to give out loans.
What is Businesses?
This percentage of African Americans that were jobless during the Great Depression.
What is 50 percent?
Condition when you lost your job during the Great Depression.
What is unemployed?
A rapid and severe decline of stock prices when everyone tries to sell their shares at the same time, particularly in 1929.
What is the stock market crash?
What is dividends?
When farmers plowed up this deep rooted plant, it led to the problems of the Dust Bowl
What is prairie grass?
Why did the government build labor camps in California?
To provide safe housing