chapter 18 Flashcards
(11 cards)
what caused the great depression?
stock market crash
what was the cause of the dust bowl?
heat, plus lack of rain
what name was given to people who rode the rails as they searched for work?
hobos
after the stock market crashed how did president Hoover try to help the economy?
he thought businesses would just correct itself
which group experienced an early depression in the 1920s?
farmers
what caused black Tuesday?
16 million shares of stock were sold
why did so many banks collapse at the beginning of the great depression?
people with drawled savings
what key factor contributed to the plight of rural farmers?
demand for food dropped
what was the destination of most dust bowl migrants?
California
why were banks one of the first institutions to feel the effects of the stock market crash?
16 million shares of stock were sold
who did Congress institute the reconstruction finance corporation loan to?
businesses
