The Great Depression Test Questions and Answers (Graded A)
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Course
The Great Depression
Institution
The Great Depression
The Great Depression Test Questions and Answers (Graded A)The Great Depression Test Questions and Answers (Graded A)The Great Depression Test Questions and Answers (Graded A)The Great Depression Test Questions and Answers (Graded A)
Black Thursday (Oct. 24, 1929) - ANSWER-Oct. 24, 1929 the day the stocks began to fluctuate, hinting that the stock market could crash
Black Tuesday - ANSWER-October 29, 1929 the day the stock market crashed an people lost their savings
Buying On Margin - ANSWER-companies loan money to investors to buy their stocks, but can't repay them leading to the stock market crash
Effects of the Market Crash - ANSWER-1) people went to the banks to pull their money out
2) people lost their savings
3) companies began to close
Herbert Hoover - ANSWER-president who was expected to maintain the prosperity of the 1920s, blamed for the depression and as a result people began to name bad things after him to show he was the reason for their problems
Rugged Individualism - ANSWER-Hoover's policy that people should be tough and support themselves on their own because the stock market will bounce back without any help
Hoovervilles - ANSWER-collection of shacks built for shelter, usually in parks, named after Hoover
Hoover Blankets - ANSWER-newspapers used as blankets, named after Hoover
Direct Relief - ANSWER-when the government gave people money to help pay their bills during the Great Depression
Hoover Policy Changes - ANSWER-hoover's plan of Rugged Individualism was not working, he decided to do something about the depression
Boulder Dam (Hoover Dam) - ANSWER-a project created by Hoover to help employ people, a dam that would provide electricity and control flooding
Federal Home Loan Bank Act - ANSWER-Hoover's plan which powered mortgage rates
for homeowners and helped farmers save their farms
Reconstruction Finance Corporation - ANSWER-helped fund businesses under the influence of Hoover
Bonus Army - ANSWER-the retired WW1 veterans who came to DC to demand their promised check of $1,000, and were forced out of DC after Hoover denied their request
Relief (FDR) - ANSWER-helped people to get money
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