Great Depression

What were the 3 causes of the Great Depression?

• FDR, The New Deal, The Second New Deal

• Herbert Hoover, Hobos, Riding the Rails

• Borrowing too much money, Stock Market Crash, Poor farm prices

Explain the Stock Market Crash.

• People purchased stocks with credit, got scared and sold their stocks. There was no money to for people to pay back their loans

• Too many people tried to purchase stock at the same time and the stock market was overwhelmed.

• People threw their money away on unstable stocks with poor companies.

The president who promised the people a "New Deal" during the Great Depression.

• Jesse Owens
• Herbert Hoover
• Franklin D. Roosevelt
• George Washington

During the Great Depression people were worried because the economy was doing poorly. How did this fear affect their consumption of goods?

• People bought more things because they thought they wouldn't be able to buy them later.

• People bought fewer things because they wanted to save as much money as they could.

• People bought more things because they wanted businesses to do better.

• People bought fewer things because the government was limiting purchases.

Month and Day that Stock Market Crashed

• October 28, 1929
• October 29, 1928
• October 29, 1929
• October 29, 1939

After the Stock Market Crash, many people lost their life savings because _______________.

• banks closed
• banks gave away their money
• they couldn't remember where they put it
• someone stole it

Tags

CCSS.RI.6.8

CCSS.RI.7.1

CCSS.RI.7.8

CCSS.RI.8.8

CCSS.RL.7.1

Which was NOT a LONG-TERM cause of the Great Depression?

• Buying stock on margin

• Stock market crash (Black Tuesday)

• too much production and consumer spending

• farmers growing more food than needed

What program did Franklin Roosevelt create in order to help Americans during the Great depression?

• Roosevelts boys
• Newer Deal
• New Deal
• FDR's relief

What effect did the Dust Bowl storms have on the Great Depression?

• Many farmers were forced to leave the Great Plains.
• Unemployment decreased gradually.
• Many homes long the Mississippi River were flooded.
• Hoover was re-elected as president.

This type of New Deal program gave immediate, temporary help to unemployed Americans

• relief
• reform
• recovery