Ch 22

Question 1

What industries made little profits in the 20s?

Answer 1

Coal, framing, and steel

Question 2

What happened when farmers defaulted?

Answer 2

They lost their property and rural banks failed

Question 3

This is a bill that would maintain a price at a certain level by the government

Answer 3

Price supports

Question 4

What happened because of credit?

Answer 4

People lived beyond their means… Buy now and pay later

Question 5

How was the wealth distribution uneven?

Answer 5

The rich get richer and the poor get poorer

Question 6

This man was the 1928 D candidate

Answer 6

Alfred E. Smith

Question 7

This man was the 1928 R candidate who won

Answer 7

Herbert Hoover (1929-1933)

Question 8

How did Hoover win the office?

Answer 8

The republican success of the 20s (the stock market)

Question 9

This is a measure of 30 large firms trading in the NYSE

Answer 9

Dow Jones Industrial Average

Question 10

This is a period of rising stock price

Answer 10

Bull market

Question 11

This is a risky transaction to try and make a quick profit

Answer 11

Speculation

Question 12

This is paying a small percent of a stock price as a down payment and borrowing the rest

Answer 12

Buying on a margin

Question 13

This was the day the stock prices fell drastically and lowered confidence

Answer 13

Black Tuesday oct. 29, 1929

Question 14

This was a period when the economy worsened and unemployment rose

Answer 14

Great Depression 1929-1940

Question 15

What was the unemployment rate during the depression?

Answer 15

25%

Question 16

This was the highest tariff in US history

Answer 16

Hawley-Smoot Tariff Act

Question 17

What factors cut down the market for US goods?

Answer 17

The tariff, war debt, and politics

Question 18

This is a neighborhood of makeshift shacks

Answer 18

Shantytown

Question 19

This is where free or low cost food is served to the needy

Answer 19

Soup kitchen

Question 20

This is a line of people waiting for free food

Answer 20

Bread line

Question 21

This is a region of the Midwest that was worthless to farming during the 30s

Answer 21

Dust bowl

Question 22

What mad dust bowl land useless?

Answer 22

The drought and dust storms

Question 23

What states composed the dust bowl?

Answer 23

KS, OK, TX, NM, CO

Question 24

This is a direct payment for food by the government not provided in the depression

Answer 24

Direct relief

Question 25

What caused malnutrition in kids?

Answer 25

Poor diets and lack of healthcare

Question 26

Why did children return to sweatshops?

Answer 26

The schools closed

Question 27

These are children who toured the country for free on boxcars

Answer 27

Hoover tourists

Question 28

How much did the suicide rate rise between 1928 and 1932?

Answer 28

30%

Question 29

What were people forced to do during the depression?

Answer 29

Accept compromises and make sacrifices

Question 30

What did the focus of that generation shift to?

Answer 30

Financial security

Question 31

This is a dam built on the Colorado river, authorized in 1929, finished in 1936

Answer 31

Boulder dam

Question 32

What did boulder dam get renamed to?

Answer 32

Hoover dam

Question 33

What did Hoover dam do for the economy?

Answer 33

Stimulate business and provide jobs

Question 34

What purposes does hover dam serve?

Answer 34

Provide electricity, flood control, and water for drinking and agriculture

Question 35

How did hovers image change as the depression worsened?

Answer 35

People did not like him

Question 36

This is an alias for a shantytown

Answer 36

Hooverville

Question 37

These were a name for the newspapers that homeless people used

Answer 37

Hoover blankets

Question 38

These are empty pockets flipped inside out

Answer 38

Hoover flags

Question 39

What were hoover's 2 public assistance programs?

Answer 39

Federal home loan bank act and the reconstruction finance corporation

Question 40

What did the federal home loan bank act do?

Answer 40

Lowered mortgage rates for homeowners and allowed farmers to refinance loans

Question 41

What did the reconstruction finance corporation do?

Answer 41

Provided emergency money for banks, railroads, and large businesses. The money was intended to trickle down to average citizens through job growth

Question 42

These were 10k-20k WWI vets and their families who marched to DC demanding an early payment for a promised 1945 bonus

Answer 42

Bonus army

Question 43

What happened with the bonus army?

Answer 43

The early payment was voted down and most left

Question 44

What happened to the remaining bonus army vets?

Answer 44

1k were gasses and burned in their Hooverville

Question 45

How did farming fail>

Answer 45

Food surplus, dropping prices, lowered demand, and farmers mortgaging land to make more food