Chapter 26

Question 1

When people began to make money what did they start doing with their money

Answer 1

investing it in stock in hopes to make more money

Question 2

What is a stock

Answer 2

exchanged system for buying and selling stock

Question 3

By 1929 what was true about American households

Answer 3

about 1 and 10 households had invested in American stocks

Question 4

What happened in September 1929

Answer 4

some investors began to worry that stock prices going to fall. So they began to sell their stocks

Question 5

What happened to those people who lent money out to investors

Answer 5

They got nervous and began demanding that their borrowers repay their loans. In order to pay these borrows back more people had to sell their stock. The more stocks people sold the less money they were worth.

Question 6

What happened on October 24th

Answer 6

It was Black thurday and 13 million shares were sold

Question 7

Later in the decade what did factories find out?

Answer 7

they were turning out more products and goods than people could buy

Question 8

What happened to the automobile and construction industry

Answer 8

They suffered and as a result, businesses began to cut wages and lay off workers.

Question 9

What happened to small banks?

Answer 9

They began to suffer when people began to default or fail to meet their loan payments.

Question 10

What happened to large banks?

Answer 10

They suffered during this time because many of them bought stock with money that was given to them

Question 11

What happened to banks in general?

Answer 11

They began to collapse and all the money that had been put into those banks would be lost

Question 12

What was the Hawely smoot tariff

Answer 12

This tariff would raise the price of goods purchased from other countries

Question 13

What happened when the Hawley Smoot tariff was passed

Answer 13

began to buy fewer goods from other nations hurting other foreign economies and in turn, other countries also began raising tariffs on American goods which also hurt American businesses.

Question 14

What were some employment percentages?

Answer 14

By 1932 about 25% of American workers were out of work and throughout much of the 1930s remained right around 20%

Question 15

What did Hoover think he should do with this banking issue

Answer 15

just wait it out

Question 16

What are public works?

Answer 16

projects such as highways parks, and libraries meant for public use

Question 17

What did the soldiers that fought in WW1 that had not received the money that the government had promised them do?

Answer 17

marched on Washington

Question 18

What were the veterans that marched on Washington called

Answer 18

bonus army

Question 19

Congress voted to not give the soldiers the money they were promised, so what did the soldiers do?

Answer 19

Camped out in DC

Question 20

The police tried to break up the bonus army camping in DC, what would this result in

Answer 20

Violence, and 2 deaths

Question 21

What did hoover do after the fight in DC

Answer 21

He sent his army to remove the american troops and burned their camps

Question 22

What did the american people think after hoover burned all the soldiers camps

Answer 22

They were scared and hoover had almost lost touch with the people

Question 23

Who did FDR admire

Answer 23

TR

Question 24

Who did FDR fall in love with

Answer 24

Anna eleanor roosevelt, TR’s niece

Question 25

What did FDR do in 1910

Answer 25

he entered politics winning a state senate seat as a democrat in the heavily Republican Dutchess County

Question 26

What happened to FDR in 1913

Answer 26

President Woodrow Wilson named Roosevelt Assistant Secretary of the U.S. Navy

Question 27

What happened to FDR in 1921

Answer 27

FDR will get Polio, which will cause him to never walk again

Question 28

What did FDR do in 1928

Answer 28

FDR will run for governor of NY and at the same time Herbert Hoover wins the presidential election

Question 29

What did FDR do as governor

Answer 29

he set up the Temporary Emergency Relief Admin. Which was aimed to help unemployed people find jobs….. Would help 1 out of 10 families in NY

Question 30

By the time FDR was elected how was the economy?

Answer 30

the depression had reached desperate levels including 13 million unemployed

Question 31

What towns began to pop up all over

Answer 31

Shantytowns and hoovervilles

Question 32

How many bills did FDR push in his first 100 days

Answer 32

15

Question 33

What aspect of the economy did FDR tackle first and what did he do?

Answer 33

He tackled banks first and he declared the national bank holiday which closed all banks

Question 34

What else did FDR do in his first 100 days

Answer 34

Expanded presidential authority during a banking crisis
Gave the federal reserve flexibility to issue emergency currency

Question 35

What did FDR do to explain to the american people what he was doing

Answer 35

He created fireside chats

Question 36

How many fireside chats would FDR give

Answer 36

30 total radio addresses from march 1933 to June 1944.

Question 37

KNOW ALL THE ALPHABET AGENCIES

Answer 37

The works progress administration WPA building gov. Buildings and roads
The Civilian Conservation Corps CCC building national parks
The National Recovery Administration NRA fair industry practices
Federal Deposit Insurance Corporations FDIC insures money in banks
Agricultural Adjustment Administration AAA boosting agriculture
Tennessee Valley Authority TVA provides jobs in the tennessee valley
Social Security Act insurance against unemployment