Great Depression Vocabulary

The Great Depression Vocabulary

Related to buying stocks with the confidence or belief that they will increase in value and that they can be sold for a profit.

​Speculation

Multiple Choice

How could speculation in the stock market go horribly wrong?

• You could make a ton of money

• You could own the company

• You could lose everything you have invested

• You could die

Borrowing 90% of a stock's value to purchase it, then paying back the stockbroker. Like credit, but for stocks.

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​Buying on the Margin

Multiple Choice

If I want to buy 50 shares of a tech company at $100 a share, what is the total investment?

• $50,000

• $500

• $500,000

• $5,000

Multiple Choice

If I want to buy 50 shares of a tech company, at $100 a share, but I don't have the money, what can I do?

• Wish for the stocks

• Ask Santa for the stocks

• Buy them on credit

• Buy them on the margin

Multiple Choice

If I want to buy 50 shares of a tech company on the margin, at $100 a share, how much do I need to come up with? (Buying on the margin covers 90%, you need 10%)

• $100

• $500

• $1,000

• $1,500

​Time during the 1930s when the topsoil was drained of nutrients. This, along with drought, caused massive dust storms to cover the middle of America with dust. The dust carried as far as NYC.

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Dust Bowl

Multiple Choice

What caused the topsoil to be drained of nutrients?

• Drought

• Overproduction

• Underproduction

• Snow

Federal government spending money that they don't have, pushing the country into debt.

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​Deficit Spending

Multiple Choice

What is the only way to pay off America's debt?

• Wish

• Hope

• Cry

• Tax

When the price of goods and services go up, but wages and pay may or may not. Makes a dollar have less value.

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​Inflation

Fill in the Blanks

When inflation happens, the dollar is worth

​Economic decline in a country.

​​Recession

​Economic collapse in a country. Characterized by high unemployment.

​​Depression

Multiple Choice

The difference between a recession and a depression is that...

• Recession sounds less scary than a depression

• Depression is an economic decline and recession is an economic collapse

• Depression occurs before a recession

• Depression is an economic collapse and a recession is an economic decline

During the Great Depression, charities offered the homeless and unemployed bread and soup. Many had to wait in long lines to receive these items.

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Breadlines and Soup Kitchens

​After the stock market crash of Tuesday, October 29, 1929, many people attempted to pull out their money from the local banks. Due to lending, the people's money was not available. 3000+ banks closed down.

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Bank Failures

Multiple Choice

What does a bank do with the money people deposit in their accounts?

• They lend it out

• They keep it for profits

• They turn it into gold

• They match it

Taxes on imports or exports.

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​Some text here about the topic of discussion.

Tariffs

A series of legislation or programs, designed to help America recover from the Great Depression.

New Deal

Multiple Choice

The New Deal was designed to:

• Put America in a depression

• Loan money to Great Britain

• Get America out of a depression

• Repeal Prohibition

The special power and privileges of the President.

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​Executive Power

When the economy is strong, production is good, and wages are good.

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​Economic Stability

When the government creates programs designed to help citizens in poverty or other bad economic conditions.

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​Economic Welfare

Poll

Should taxes be used to pay for people that live in poverty?

• Yes

• No

• Sometimes

• Maybe

Shacks and shanty towns, occupied by homeless and unemployed citizens. Since the Depression was blamed on Hoover, people named these places Hoovervilles.

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Hoovervilles

One of the highest taxes for imported goods. Starts a trade war and encourages citizens to buy American goods.

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Smoot-Hawley Tariff

Multiple Choice

If nobody buys imported goods, what happens to the other countries' economy?

• Grows

• Declines

• Stays the same

​Sending an immigrant back to their country of origin.

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Repatriation

​New Deal programs designed to provide immediate relief to citizens.

Relief

​New Deal programs designed to get America through the Depression.

Recovery

​New Deal programs designed to prevent another Depression.

Reform

Match

Match the following

• Relief

• Recovery

• Reform

New Deal program to provide immediate assistance

New Deal program to get America through the Depression

New Deal program to ensure another depression does not happen

• New Deal program to provide immediate assistance

• New Deal program to get America through the Depression

• New Deal program to ensure another depression does not happen

Over-predicting that investments in stocks will produce huge profits. Can result in financial losses.

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​Some text here about the topic of discussion.

Overspeculation

Multiple Choice

How can overspeculation negatively impact a person?

• they could die

• they could get sick

• they could lose their vision

• they could lose lots of money

a marketplace where people can purchase or sell shares or stocks of a company.

Stock Market