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Global Connections lll (3) > The Great Depression > Flashcards

The Great Depression Flashcards

1
Q

Who was elected in 1929 to be president?

A

Herbert Hoover

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2
Q

When Hoover was inaugurated how was trade, industry and the economy doing?

A

It was booming

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3
Q

Before the end of the year the ________ collapsed

A

stock market

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4
Q

hoover was a firm believer in _______.

A

capitalism

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5
Q

Did not believe in a _____ government, however he did see federal government playing a ______ role.

A

big

larger

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6
Q

By 1929, the country was buying more ______ called ________.

A

stock

speculation

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7
Q

People bought and sold their _______ in large corporations, which meant they owned a part of the company.

A

shares

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8
Q

If the company made profits, share owners received ___________.

A

dividends

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9
Q

If dividend grow, the value of shares ________.

A

increases.

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10
Q

By the late 20s people started buying on ________ to buy stocks.

A

margin

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11
Q

As long as stock prices were going ____, people made money.

A

up

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12
Q

_________ is when stocks began to fall.

The date was _______.

A

black Thursday
10/24/29
October 24 1929

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13
Q

_________ was when 16.5 million shares changed hands and prices fell steeply.
The date was ________.

A

Black Tuesday
10/29/29
October 29 1929

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14
Q

Despite its suddenness, the stock market’s breadth and depth were not __________felt.

A

immediately

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15
Q

what was the biggest initial problem after the stock market crash.

A

unemployment

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16
Q

Hoover put his faith in this, a policy whereby problems could best be solved at local and state levels.

A

localism

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17
Q

a good word to describe president hoovers response to the great depression

A

cautiously

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18
Q

in 1928, this man was nominated by the republicans to be their presidential candidate.

A

hoover

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19
Q

This “army” was made up of WW1 veterans who wanted bonuses promised to them by congress to be paid to them.

A

bonus

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20
Q

The man who defeated hoover in the 1932 presidential election

A

Franklin D. Roosevelt

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21
Q

Last name of the person Hoover put in charge to take care of the WW1 veterans marching on Washington to get their bonuses.

A

MacArthur

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22
Q

Who wrote the Grapes of Wrath?

A

Steinbeck

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23
Q

This act gave railroads and large businesses more than a million dollars of government loans to help them during the depression.

A

RFC

Reconstruction Finance Cooperation

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24
Q

refugees were referred to as this, regardless of their origin.

A

Okies

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25
Q

Uneven ________ of the nation’s wealth created economic problems.

A

distribution

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26
Q

________ was this swath of parched earth that were hard hit regions of the drought.

A

Dust Bowl

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27
Q

The Great Crash represented another hallmark of the nation’s business _______, which explained the economic growth and contraction of the economy.

A

cycle

28
Q

_________ project was a massive public program that brought much-needed employment to the southwest during the 1930s.

A

Hoover Dam

29
Q

Last name of the British economist who argued that the lack of government interference in the economy led to the depression.

A

Keynes

30
Q

To move or direct someone toward the same purpose

A

converge

31
Q

Last name of the democrat nominee for president in 1928. He had been the governor of New York.

A

Smith

32
Q

It could be said that the president Hoover’s programs to relieve the nation of the Great Depression relied to much on __________.

A

voluntary cooperation.

33
Q

Group that did not share the economic growth of the 1920s.

A

farmers

34
Q

It became clear that too much money was being poured into stock _________. Investors were gambling, often with money they did not even have on stock increases to turn quick profits.

A

speculation

35
Q

Congress passed the _______________ which raised prices on foreign imports to such a level that they could not compete in the American market.

A

Hawley-Smoot Tariff

36
Q

These workers did share the economic growth of the 1920s.

A

Industrial workers

37
Q

Easy _____ during the 1920s hid problems in Amrican’s economy.

A

Credit

38
Q

What was it called when factories couldn’t sell products, workers were laid off, workers lost their savings so they couldn’t buy anything.

A

snowball effect

39
Q

By 1932, _____ in every _____ were out of work

A

1 of 4

40
Q

Some lived in cardboard houses called ______

A

Hooverville

41
Q

During this time did the divorce rate increase or decrease?

A

decrease

42
Q

What was hoovers original job?

A

Mining engineer

43
Q

What did hoover try to do to mitigate the effects of the depression?

A

Large scale public works projects

44
Q

Where did farmers experience drought and what was this area called?

A

the great plains

the dust bowl

45
Q

What year did the dust bowl begin?

A

1934

46
Q

What major cities were hit by the dust?

A

New York, Chicago, Boston

47
Q

What were some of the states that made up the dust bowl?

A

Oklahoma, Texas, Kansas, Colorado

48
Q

What “did the farmers in”?

A

extended drought, loss of top soil, high winds

49
Q

What did farmers do in response to the dust stroms?

A

they fled

50
Q

Who was hoovers secretary of treasury?

A

Andrew Mellon

51
Q

What did Andrew Mellon say do to in response to the depression?

A

That the government should do nothing

52
Q

What did he call on to help feed the hungry?

A

Charities

53
Q

Andrew Mellon got businesses and leader to promise to do what?

A

Keep up wages and keep factories going

54
Q

Hoover cut his presidential salary by how much?

A

one fifth

55
Q

Hoover also cut ____taxes

A

income

56
Q

In 1929, congress passed a law to create the federal _____ board

A

farm

57
Q

The problem was that the farm board could not control _____?

A

Production

58
Q

Who did the board lend money to? They also bought excess ______ and ______?

A

farmers

wheat and cotton

59
Q

Congress passed the _____ in 1930 which boosted tariffs on more foreign goods.

A

Hawley-Smoot Tariff

60
Q

The unemployed striked back by breaking into______, standing with ______to drive off the sheriff who came to seize their land, and going on ____ marches

A

stores
pitch-forks
hunger

61
Q

The _____ went to Washington DC to demand their bonuses

A

bonus army

62
Q

The bonus army was made up of ______ and president Hoover got ____ to help get rid of them

A

veterans

MacArthur

63
Q

In the 1932 election Hoover ran against and lost to who?

A

Franklin D. Roosevelt

64
Q

Franklin Roosevelt was the _______ of _______and he attacked republicans for allowing what?

A

democratic governor of New York

Stock Speculation

65
Q

What did Roosevelt want repealed?
What did Roosevelt want to be distributed more fairly?
He planned on recovering through _____?

A

Prohibition
Products of Industry
Experimentation

Global Connections lll (3) (12 decks)

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