US. 39 - 44 Key Terms

wave of banking panics or “bank runs,” during which large numbers of anxious people withdrew their deposits in cash,

• Bank Holiday

• Bank Over

• Bank Failures

• Stock Closed

Buying stock on credit

• Buying on Margin

• Credit

• Excess Consumerism

• Buying on Red

People bought products at a higher rate in the 20’s

• Access Consumerism

• Spoiled Consumerism

• Buying on Margin

• Excess Consumerism

raised import duties to protect American businesses and farmers

• Foraker Act

• Hawley-Smoot Tariff

• Platt Amendment

• Red Scare

“Hands off” government, our government does not get involved or regulate business practices

• Tariff

• Free Enterprise

• Laissez-Faire policy

• Excess Consumerism

WWI raised demand for food from US farmers. Farmers cleared more land and invested in new equipment. Post-War period of 1920’s demand declined and food prices dropped

• Farming

• Overproduction

• Excess Consumerism

• Dust Bowl

four-day collapse of stock prices that began on October 24, 1929 worst decline in U.S. history dropped 25 percent. It lost $30 billion in market value.

• End of Days

• Roaring 20's

• Stock Market Crash of 1929

• Stock Market Crash of 1930

aided because of the way the farmers had treated the land throughout the years.

It had been farmed over and over again, and pretty soon the top soil disappeared.

Without that top soil, there was nothing to stop the dirt from kicking up and blowing everywhere!

• Stock Market Crash

• Snow Blizzard of 1929

• Dust Bowl

• Dirty Bowl

Many families migrated to ____________ during the Dust Bowl

• New York

• Mexico

• Texas

• California

Book that focused attention on the misery of Dust Bowl migrants leaving the Oklahoma for California

• Great Gatsby

• Grapes of Wrath

• Harry Potter

• Dust Bowl Blues