WWII era test review +EQ Flashcards
study for WWII test (104 cards)
Time frame of World War II Era
1930-1945
how were investors funding their stocks during the Great Depression
borrowing money from banks
what happened to the banks after Black Tuesday
stock prices fell and the stock market crashed
how were other Americans outside of the stock market affected when it crashed?
banks closed/ no one could go to the bank to get money(no one had any money)
what was Hoover’s response to Black Tuesday and to what happened to the stock market.
He thought that businesses should solve the problem and that the federal government should not get involved in helping unemployed people
what did Hoover rely on for relief during Great Depression
state and local governments, churches, charities, and individuals
what happened to cotton prices during this time?
prices went down
How did cotton prices affect Texas farmers
small farmers lost land
why were big farmers able to survive cotton prices dropping
they could withstand the low prices
what led to the Dust Bowl?
record high temps.
Severe droughts
who won election of 1932
Roosevelt
what was Roosevelts platform for fixing the great depression
- he promised hands on approach to fixing the economy
- he thought the it was the government’s responsibility to help people
what is an example of a New Deal Program that exists today?
-Alphabet Agencies
-Laws and Acts
- Social Security Act
Sam Rayburn’s position
Texan that was the Speaker of House
How was Rayburn a part of the New Deal
passed law to reform way stocks were traded (to prevent 2nd crash)
know topic of New Deal
yes
why was Dallas chosen as the site of the centennial
business community offered most funding
how much funding did Dallas provide for the Texas Centennial
almost $8 million
what was the Texas Centennial
a celebration of Texas’s 100th year of independence from Mexico
Why were the Germans upset after WWI
Treaty of Versailles gave all blame for war on Germany
what did Germany have to do after WWI
- give away German land
-heavy payments (reparations)
-Great Depression made it worse for Germany
Axis Powers (main 3 countries)
-Germany
- Italy
-Japan
Allied Powers (main 5 countries)
- Great Britain
-France - China
-Soviet Union - U.S.A.
what two countries from the Allied Powers joined Later in the war
-Soviet Union
- U.S.A.