Great Depression, Dust Bowl and The Federal Reserve

The Great Depression, Dust Bowl, and The Federal Reserve

by Brian White

​Learning Objectives

​Describe the 1920's economy

​Explain the Downward Business Spiral and the Downward Farm Spiral

​How does the Government respond to the economic crisis?

​Explain the Stock and Banking Crisis

​Describe and explain the Great Depression

​Why did many people blame Herbert Hoover for the start of the depression ?

​Which area of the US was impacted by the Dust Bowl and why does it occur?

​Who were the Okies?

​What were the societal effects of the Great Depression?

​Explain what Germany was doing that created high inflation

Multiple Choice

Most people in America in the 1920's lived below the poverty line

• True

• False

Open Ended

How was the American economy perceived in the 1920's

Open Ended

What does the Downward Business Cycle Lead to?

Multiple Choice

What happens to farmers after WW I ?

• Farmers make tons of money

• Farmers overproduce and cause crop prices to drop and they can't pay back loans

• Farmers keep producing food for the soldiers in case of another war

• Farms grow in size

Open Ended

What was the underlying problem of the 1920's?

Multiple Choice

Republican Government did not favor Big Business in the 1920's

• True

• False

Multiple Choice

What is the concept of trickle down economics?

• Helps out the poor and the money will flow

• Helps out the rich and the money will go to everyone else

Multiple Choice

Which was not a way the government helped businesses in the 1920's?

• Raised tariffs

• slashed income taxes

• overturned child labor laws and minimum wage for women

• Gave out stimulus checks

Multiple Choice

Explain what buying stocks on margin is

• Buying stock with a down payment not the full price

• Buyin the minimum amount of stock

• Investing in a lot of random stocks

• Cashing in on all stocks

Multiple Choice

Because of speculation on stocks this would create what ?

• a bubble that would be based on speculation that the stocks would go up

• an increase in profits

• banks not loaning money

Multiple Choice

What be the result when people realized the bubble was about burst?

• Banks ran out of money

• People made huge profits off of selling stocks

Multiple Choice

What was Black Tuesday ?

• The Stock Exchange would catch fire in New York

• The Stock market would crash which would start the Great Depression

• The Stock Market got out of the red and into the black with profits

Open Ended

Describe the conditions during the Great Depression

Multiple Choice

Who was mainly blamed for the Great Depression?

• Roosevelt

• Wilson

• Hoover

• Taft

Multiple Choice

This picture is a representative of what during the depression?

• Ethnic Neighborhoods

• Hoovervilles

• Mill Villages

Multiple Choice

Which part of the US was affected by the Dust Bowl?

• The Northeast

• The Great Plains States

• California

• The North

Open Ended

Describe the Dust Bowl in your own words

Multiple Choice

Who were the Okies?

• People that were okay with the Government

• Poor migrants from Oklahoma who fled to California due to drought

• People from Oklahoma who stayed in there even though land was bad

Open Ended

What were some of the societal effects of the Great Depression?

Multiple Choice

What did the German government do that led to inflation ?

• Cut the supply of oil

• Produced less food

• Printed more money

• Gave loans to the US

​Key Vocab

​Write down and define

​Okies

​Dust Bowl

​Trickle Down Economics

​Margin

​Bonus Army

​Poverty

​Drought

​Hooverville

​Great Depression

​Write the Learning Objectives and answer

​Describe the 1920's economy

​Explain the Downward Business Spiral and the Downward Farm Spiral

​How does the Government respond to the economic crisis?

​Explain the Stock and Banking Crisis

​Describe and explain the Great Depression

​Why did many people blame Herbert Hoover for the start of the depression ?

​Which area of the US was impacted by the Dust Bowl and why does it occur?

​Who were the Okies?

​What were the societal effects of the Great Depression?

​Explain what Germany was doing that created high inflation