The Great Depression

Front

What happens when there is a bank run and a bank begins to collapse?

Back

depositors lost their money if they didn't get to the bank before it shut down.

Front

When more goods are produced than people can afford to buy and one of the reasons for the Great Depression...

Back

Overproduction

Front

Farmers who had already seen overproduction and bankrupt farms in the 1920s, were later ruined because of...

Back

Drought and the Dust Bowl

Front

During the Great Depression, many people's homes were foreclosed upon and became homeless. To show displeasure with the President they named their new shacks and shantytowns...

Back

Hoovervilles

Front

Over a three year period in the 1930s, a drought occurred across Texas, Oklahoma, and Kansas. As a result, the wind would pick up a lot of dry soil and create what was called ..?

Back

The Dust Bowl

Front

After the stock market crashed, what did President Hoover do?

Back

He offered no help as he believed Americans should "pull themselves up by their bootstraps".

Front

When the stock market crashed in October 1929, the overall market lost between 10 and 15 billion dollars because...

Back

investors were selling stocks off as quickly as possible to avoid losses

Front

A long period of stock price increases convincing people to buy stocks because they believe they will make a lot of money is called...

Back

A Bull Market

Front

In 1932, many WW1 veterans came to Washington D.C. because they wanted ....

Back

a law that would give veterans their bonuses early.

Front

When the stock market crashed and led to economic depression, President Hoover believed that ...

Back

People should take care of themselves and not rely on government help