Study Guide Ch 12 Flashcards

1
Q

What class of people benefited from stock market

A

The rich

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2
Q

Welfare capitalism

A

Employers raised wages and provided benefits such as paid vacations, health , plans that even English class for immigrants without workers having to join a union

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3
Q

Consumers desire for excited new products lead to

A

Buying on credit

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4
Q

What attitude prevailed among Americans who invested in the stock market during the 1920s

A

Get rich quick

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5
Q

What two groups of people suffered during the 1920s before the depression hit

A

Farmers and factory workers

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6
Q

Speculation

A

The practice of making a high-risk investments in hopes of getting a high gain

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7
Q

Buying on margin

A

Allowed investors to purchase stock for a fraction of its value and borrow the rest

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8
Q

What event caused agricultural prices and products to plummet

A

The end of World War One

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9
Q

What took place on October 24, 1929

A

Worried investors begin to still in stock prices fell

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10
Q

What was great crash

A

The collapse of the stock market

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11
Q

After the great crash occurred who was affected

A

Millions of Americans many of whom had never own stocks

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12
Q

Business cycle

A

Periods in which the economy grows then contract

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13
Q

The great depression cost millions of Americans to use their

A

Jobs farms and homes

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14
Q

Why did thousands of banks close after the crash

A

Could not return depositors money

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15
Q

The collapse of the American economic system lead to

A

Worldwide depression

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16
Q

What were the three underlying causes of the Great Depression

A

Over speculation government polices unstable economy

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17
Q

During the great depression wage cuts and unemployment affected who

A

All levels of society

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18
Q

What group of people were hardest hit by the depression

A

Unemployed Labors

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19
Q

Extended family

A

Various family members living under the same roof

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20
Q

What forced thousands of farmers to flee west and take on labor jobs in California

A

Low farm prices and terrible weather

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21
Q

Who was an Okie

A

Poor farmers from Oklahoma going west looking for work

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22
Q

What did a poor diet and anxiety do to the people during the depression

A

Peoples physical and mental health decline

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23
Q

What was a common site in large cities during the depression

A

Soup kitchens and breads lines

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24
Q

During the depression working women were accused of what

A

Taking jobs away from men

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25
Durning the depression many members of minority groups lost
Their low-paying jobs to whites
26
African Americans in the south where denied these civil rights during depression
Education voting and healthcare
27
When Hoover took office in 1929 what did he expect
Most Americans expected prosperity to continue
28
With economics ability in the 1920s what did this do to the Stocks
Stocks were rising
29
Why didn't Hoover do anything to discourage the wild buying of stocks with borrowed money
He had high confidence in the business world
30
What two groups of people suffered during the 1920s before the depression hit
Farmers and factory work
31
What is the Dow Jones industrial average
An average of stock prices of major industries
32
What took place on October 24, 1929
Worried investors began to sell and stock prices fell
33
Great depression
A severe economic decline that lasted from 1929 until 1941
34
The collapse of the American economic system lead to
Worldwide depression
35
What were the three underlying causes of the Great Depression
1. Overspeculation 2. Government policies 3. Unstable economy
36
Extended family
Various family members living under the same roof
37
What caused the rise in homelessness during the depression
People losing their jobs
38
Hooverville's
Shanty towns, made up of crates, cardboard, or any scrap material
39
Hoover blankets
Newspapers
40
Hoover flags
Empty pockets
41
Hoover leather
Cardboard liner to put in a shoe to cover a hole
42
How did family suffer during the depression
Food prices dropped and farmers couldn't pay their mortgage
43
What happened to the farmers when they couldn't pay their mortgage
Banks foreclosed and had auctions
44
Dust bowl
Great plains where drought and dust storms took place in 1930
45
What forced thousands of farmers to flee west and take on labor jobs in California
Low farm prices in terrible weather
46
During the depression many members of minority groups lost
Their low-paying jobs to whites
47
African Americans in the south were denied the silver rights during the depression
Education Voting Healthcare
48
What activity did many Americans avoid during the depression
Buying on credit
49
What did farmers agree to do in some farmer communities if a farm was auctioned off
To keep it low
50
Name political group that gain some support during the depression
The Socialist party
51
Why
Called for a gradual social and economic changes rather then revolution
52
What was the common goal for those people involved in radical or reform movement during the depression
To work together for social justice
53
21st amendment
Repealing prohibition
54
Why did most Americans welcome repeal
Curb on gangsters
55
Who took control of alcohol consumption
The states
56
What was one Drammatic symbol of hope during the depression
Empire State building
57
Who became laborers number one enemy during the 1930s
Henry ford
58
Al Capone
Arrested for tax envasion and sent to prison | Died of syphlis
59
Babe Ruth
Retired from baseball in 1935
60
In 1932 what tragedy replied to the nations distressed condition
Someone kidnapped and murdered infant son of Charles Lindbergh
61
How did Hoover feel what is the best way to end the depression
Voluntary controlled by the US businesses
62
What causes international trade slow down during the depression
Passing Hawley Smoot tariff in 1930
63
What was the purpose of the Reconstruction finance Corporation
Gave government credit to bank so they could extend loans
64
Bonus army
World war one veterans wanted immediate payment of pension bonus that had been promised for 1945
65
How did Hoover get the bonus march is out of Washington DC
General Douglas Mac Arthur to use force
66
What did Franklin d Roosevelt promise Americans in his campaign for president
New deal
67
What was the name of his campaign song
Happy days are here again
68
Why did Americans like FDR
Optimism Charm Compassion
69
What were FDR's credentials
Graduated from Harvard university, New York state senator, governor of New York
70
As governor of New York he had experience in starting what programs
Relief programs
71
Why was 1932 election a turning point in the role of government in American society
Government played more important roles with people in society