Great depression

buying on margin
Purchasing stocks on credit, or with borrowed money.

Black Tuesday
On Tuesday, October 29, a day that became known as Black Tuesday. The stock market crashed. So many people wanted to sell their stocks, and so few wanted to buy, that stock prices collapsed.

Business cycle
As time passes, an economy will tend to bounce back. Consumers buy surplus goods, and companies increase production to meet the demand. Soon more workers are hired and unemployment drops. This up and down pattern is known as the business cycle.

Great Depression.
The United States had experienced recessions before and each time the economy had recovered but the economy did not recover quickly from the downturn that began in 1929. Because of its severity and length, it was called the Great Depression.

Bonus Army
A group of WWI veterans that demanded early payment of their military bonus.

Franklin D. Roosevelt
The 32nd President of the U.S. He led the country through the Great Depression and WWII. He served four terms, more than any other president.

Why did the stock market crash?
1.a. The stock market crashed in 1929 because so many people wanted to sell stocks but so few wanted to buy stocks.

How is buying on margin similar to buying on an installment plan?
Buying on margin is like an installment plan because you can buy something and pay a little every month until it’s paid off.

What happend to the economy as a result of the stock market crash?
The economy fell. There was a banking crisis in which the banks lost the money they had invested in the stock market, as well the money they had loaned their customers to buy stocks on margin.

Why did many banks close in the late 1920s and early 30s
Many banks closed in the late 1920s and early 30s because they did not have any more money. The reason for not having money was because their customers withdrew all their money because they were afraid their bank would close, and they’d lose all their money. However, the banks didn’t keep that much cash on hand to cover all the deposits, and ran out of money. So, many had to close.

What was the goal of U.S. tariffs?
The goal of the U.S. tariffs was to make it difficult for European Nations to sell products in the U.S.

Why did many Americans blame Hoover for the depression?
They blamed Hoover for the depression because he was doing nothing to end it. They thought the government should help them. But, Hoover believed it was up to Private individuals and institutions to offer help, and not the government.

New Deal
President Roosevelt called Congress into a special session. The hundred days session started just after the inauguration and lasted until the middle of June. During the, Roosevelt and congress worked together to create new programs to battle the depression and aid economic recovery. These programs became known as the New Deal.

Which party was more successful in the 1932 elections?
Roosevelt’s party was more successful in the election. Because he had taken active steps to help the citizens of his state, especially the farmers.

Why did the American people not listen to Hoover?
The American people did not listen to Hoover because they blamed him for the Great Depression.

How do you think Franklin D. Roosevelt’s experiences as gov. of New York helped him appeal to voters?
Roosevelt’s experience as governor helped him because he had political experience and he helped get New Yorkers out of debt.

New Deal
President Roosevelt called Congress into a special session. The hundred days session started just after the inauguration and lasted until the middle of June. During the, Roosevelt and congress worked together to create new programs to battle the depression and aid economic recovery. These programs became known as the New Deal.

Fireside chats
were radio addresses in which Roosevelt spoke directly to the American people.

The Tennessee Valley Authority
The Tennessee Valley Authority hired people to build dams and generators, bringing electricity and jobs to communities in the Tennessee River valley.

Frances Perkins
Frances Perkins was the nations first woman cabinet member.

First lady Eleanor Roosevelt
Eleanor Roosevelt was an active supporter of New Deal programs. She was concerned that the WPA (Works Progress Administration) was not solving the problem of unemployment among young Americans. So, she helped convince the president to create the National Youth Administration, which gave part time jobs to students.

The Social Security Act
The Social Security Act was passed in 1935 provided some financial security for the elderly, the disabled children, and the unemployed.

Congress of Industrial Organizations
In 1935 a new union called the organized workers into unions based on industry not skill level.

Sit down strike
When workers went on strike, they stayed in the factories instead of leaving so new workers could not replace them. This strategy became known as the sit down strike.

What were the hundred days?
The hundred days were a session that congress Roosevelt used to create the new deal programs

What was the purpose of the bank holiday?
It was to get ride of all the bad banks and leave the good banks open.

Which of the New Deal programs that passed during the Hundred Days was the most effective? why?
The CWA which gave jobs to the unemployed.

Who were some of the critics of the new deal?
Huey Long, and Father Charles Edward Coughlin.

How were the ideas of Huey Long and the American Liberty League different?
The ALL said the New Deal gave the President to much authority, But Huey Long wanted to give poor people money by taxing the rich.

What programs were part of the second New Deal?
The WPA, NYA, NLRA, SSA.

Why did the Wagner act encourage people to join unions?
so they could get benefits.

What happened to some of the New Deal programs when the went to court.
They were declared unconstintutional

Dust Bowl
From North Dakota to Texas, crops withered away due to a severe drought. With no roots to hold it in place, topsoil began to blow away. Massive dust storms swept the region, turning parts of the Great Plains into the Dust Bowl

Mary McLeod Bethune
Mary McLeod Bethune was one of several African Americans who Roosevelt appointed to his administration. Their role was to advance the concerns of African Americans in the Roosevelt White House.

John Steinbeck
Like many people at the time, the author John Steinbeck was deeply affected by the Great Depression. Depression life became a main theme of John Steinbeck’s most famous novel, The Grapes of Wrath.

Woody Guthrie
Oklahoma born folk singer crisscrossed the country singing his songs of loss and struggle.

What was the Dust Bowl
The Dust Bowl was an area of the United States that suffered a severe drought in the 1930s.

What factor contributed to Farmers difficulties in the 1920s and 1930s
The factors that contributed to farmer’s difficulties in the 1920s to 1930s were the severe drought and the strong winds that destroyed their crops so they were unable to pay their debts.

What were some of the problems that people faced during the depression
Some of the problems that people faced during the depression were that because they were unemployed they did not have enough money to pay their bills and debt. Some families were forced to split up so they could find work. To help pay for food some children had to drop out of school and take very low paying jobs.

How was the experience of African Americans and Mexican Americans similar during the depression?
The experiences of African Americans and Mexican Americans were similar to each other because, they were both thought to be inferior compared to the white people. Many of them lost their jobs to white people.

Do you think Roosevelt did enough for African Americans
Yes, I do believe that Roosevelt was doing enough for the African Americans, because hundreds of thousands were able to find work through many of the relief programs Roosevelt’s administration set up.

Why do you think Swing music, radio shows and movies were popular during the Great Depression?
Swing music, radio shows and movies were popular because people could forget about their troubles and get lost in the world of entertainment.

How did the WPA help the arts?
The WPA helped the arts by creating jobs in construction, research, and the arts for people who specialized in that field. For example, artists painted murals and made sculptures for public spaces. Writers interviewed Americans about their lives and memories.

What are the different view points on the success of the New Deal.
The different viewpoints on the success of the New Deal were that the critics said that Roosevelt’s programs did not end he Great Depression. However New Deal supporters believed that the New Deal gave Americans help and hope in a time of severe economic crisis.

How are SS and the FDIC still important today?
Social Security and the FDIC are still important today because the Social Security act provided government aid to the elderly, children, and the disabled. On the other hand the FDIC guarantees deposits in individual bank accounts. In other words, if you put any money in a bank account you are guaranteed to get that same amount of money back.

Laissez faire Idea that government should not interfere in the economy Hoovervilles Popular name for shanty towns built by homeless people during the great depression WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

Roaring Economy to Great Depression It made the economy weaker. What effect did the use of credit have on the economy in the 1920s? WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE …

Warning signs in the economy Buying on Margin Purchasing stock with a little money down with the promise of paying the balance at sometime in the future WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU …

Some Americans blamed the Great Depression on Capitalism. The unemployment rate among African Americans was nearly double the national rate WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY $13.90/PAGE Write my sample In …

the day of the stock market crash october 29th, 1929 black tuesday another name for the periodic expansion & contraction of the economy business cycle WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR ONLY …

Which group experienced an early depression in the 1920’s? Farmers During the 1920’s, the United States economy moved through which phase of the business cycle? Expansion WE WILL WRITE A CUSTOM ESSAY SAMPLE ON ANY TOPIC SPECIFICALLY FOR YOU FOR …

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