| A | B |
|---|
| BLACK THURSDAY – | 10/24/29 STOCK PRICES REALLY FELL |
| BLACK TUESDAY – | 10/29/29 EVERYBODY SOLD STOCK BUT NOBODY WANTED TO BUY – KNOWN AS THE GREAT CRASH |
| THE GREAT CRASH | BLACK TUESDAY - Market collapsed |
| DOW JONES | Measures of average of stock prices of major industries |
| HOOVERVILLE | A makeshift homeless shelter during the early years of the Great Depression |
| CAUSES OF THE GREAT DEPRESSION | OVERSPECULATION, DEBT, GOVERNMENT POLICIES, UNSTABLE ECONOMY |
| OVERSPECULATION – | PEOPLE BOUGHT STOCKS WITH BORROWED MONEY |
| DEBT | AMERICANS ARE IN DEBT BIG TIME! Installment plans etc… |
| GOVERNMENT POLICIES – | FEDERAL RESERVE HAD LIMITED THE MONEY SUPPLY TOO MUCH |
| UNSTABLE ECONOMY – | NATIONAL WEALTH UNEVENLY DISTRIBUTED |
| WHEN WAS THE DEPRESSION? | 1929-1941 beginning of WWII |
| HOW MANY WERE UNEMPLOYED? | BY 1932, OVER 12 MILLION PEOPLE WERE OUT OF WORK. |
| DUST BOWL: | The central and southern Great Plains in the 1930’s when the region sustained a period of drought and dust storms. |
| DUST BOWL LOCATION | The Great Plains states or Midwest Texas to Oklahoma |
| DUST BOWL CAUSES | Severe drought and Bad farming practices lead to the Dust Bowl |
| HOOVER BLANKET | A term used to describe the use of a newspaper as a blanket. |
| 21ST AMENDMENT | Repealed prohibition 18th amendment |
| HOOVER VS. ROOSEVELT | EACH PRESIDENT TRIED TO SOLVE PROBLEMS OF THE GREAT DEPRESSION IN DIFFERENT WASY |
| HOOVER BELIEVED THAT THE FEDERAL GOVERNMENT SHOULD NOT | GET INVOLVED DIRECTLY IN THE DEPRESSED MARKET AND ECONOMY PROBLEM , in other words, it shoud stay out of people's daily lives. |
| HOOVER CREATED | THE RECONSTRUCTION FINANCE CORP. |
| THE RECONSTRUCTION FINANCE CORP. | PROVIDED BANKS AND BUSINESSES WITH THE CASH TO CONTINUE TO EMPLOY THEIR WORKERS. |
| HOOVER ALSO CREATED | CREATED A PUBLIC WORKS PROGRAM. |
| HOOVER"S PUBLIC WORKS PROGRAM : describe | JOBS PROVIDED BY THE GOV. SUCH AS BUILDING SCHOOLS, HIGHWAYS, AND DAMS. “Hoover Dam” |
| HOOVER believed the economy | would get better on its own. |
| ROOSEVELT believed the federal government should | directly help or provide relief for those in need. |
| ROOSEVELT's plan for change was called | The NEW DEAL relief recovery and reform |
| BONUS MARCHERS -WHAT DID THEY WANT? | A group of WWI veterans pushed for their war pension. They wanted the money early, but the government did not pass the bill in congress. |
| BONUS MARCHERS -WHERE DID THEY MARCH? | A group of WWI veterans marched on Washington DC and setup a Hooverville |
| BONUS MARCHERS -WHAT WERE THEY PROMISED? | The veterans were promised $1,000 pension to be paid to them by the government in 1945. |
| BONUS MARCHERS -WHAT HAPPENED TO THEM ? | General MacArthur was asked to remove the Bonus Army. He used tanks, tear gas, bayonets to remove the marchers. Many people were injured. |
| HOOVER – POLITICAL PARTY | Republican |
| ROOSEVELT – POLITICAL PARTY | Democrat |
