Group that experienced an early depression in the 1920s?
Farmers were the first hit

The u.s. Economy moved through which phase of the business cycle in the 20s?
Expansion

The stock market crashed in 1929 because
Investors gambled, too much money went into stock speculation

What factor contributed to the spread of the Great Depression overseas
Stock prices rose- taxing back fired

What occurred on Black Tuesday?
The great crash (the bottom fell out)

Why did so many banks collapse at the beginning of the Great Depression?
People tried to take out their money so it would be “safe”

What factor helped hide economic problems in the 20s
Easy credit

European countries reacted to the hawley-smoot tariff by
They retaliated and enacted protective tariffs on their own

What economic condition did economist John Maynard Keynes believe cause the Great Depression?
He argued that the lack of government interference in the economy led to the depression

At the onset of the Great Depression, urban employment
Wa hit second. Many lost jobs, very few kept their jobs- lower pay if kept

Farmers contributed to the problems that led to the dust bowl by
Over working the fields. They planted too much which resulted a drought

Which of these factors contributed to the plight of rural farmers?
The dust bowl/ drought

The unemployment rate among African Americans was
Growing. Basically impossible for them to get a job

Farmers contributed to the dust bowl by
Overuse of land and drought

What economic condition did economist John Maynard Keynes believe caused the Great Depression?
Lack of government to the economy

Some american blamed the Great Depression on
African Americans taking their jobs

Both African Americans and Mexican American had an especially difficult time during the Great Depression because they…
Couldn’t get jobs at all

Why did volunteerism fail?
The wealthy were not willing to spend their money or time on those in beed

Business cycle
Periodic growth & contraction of the economy

Bonus army
WWI veterans seeking the bonus congress had promised them

Tenant farmers
One who works on land owned by another & pays rent either in cash or in shares of produce

Speculation
Practice of making high risk investments in hopes of obtaining large profits

Herbert Hoover
President

Trickle-down economics
Economic theory that holds money lent to banks & businesses will trickle down to consumers

Repatriation
Process by which Mexican Americans were encourage red by local, state, & federal officials to return to Mexico during the 1930s

Black Tuesday
Oct. 29, 1929- when stock prices fell sharply in the great crash

Congress instituted the RFC to loan money to-
Railroads and large businesses

The unemployment rate among American american was
Very high- almost 100%

Destination of most dust bowl migrants
Oklahoma

What did president Hoover do the directly led the bonus army March in Washington in 1932?
Vetoed the bill

At the onset of the Great Depression, urban employment-
Dropped dramatically

The policy of volunteerism called for-
The wealthy to donate money- help those in need

What economic did economist John Maynard Keynes believe cause the Great Depression?
Strict control on stock speculation

President hoover’s tactics for ending Great Depression

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