The Great Depression

At the end of the 1920s

• people bought more items on credit.

• a cycle of layoffs and business failures began.

• people bought more stock.

• World War II began.

stock prices dropped in the fall of 1929 because

• there was new stock available.

• no one was selling their stock.

• too many people were selling their stock.

• the stock market was stable.

When people went to the banks to get out their savings

• the banks had loaned the money so they could not give it back.

• the banks gave everyone their money.

• new money was printed.

Farmers left the Dust Bowl states during the 1930s because

• they were unable to farm the land.

• they wanted to go find gold.

• they wanted to be movie stars in California.

What was the concern with credit?

• Interest rates on loans were too high. 
• Banks required an application to get a loan.
• People did not know where to get a loan. 
• People could not make payments on loans.

Factories dealt with _______________ during the Great Depression.

• increased profits 
• decreased applicants 
• increased stock value
• left over products       

Who was the president during the beginning of the Great Depression?

• Woodrow Wilson
• Franklin Roosevelt
• Herbert Hoover
• Jimmy Carter

What were the names of the groups of shacks that were built in city parks?

• Roosevilles
• Hoovervilles
• Teddy Towns   
• Fort Franklin         

What was the name of the program Roosevelt created to make jobs and stimulate the economy?

• Relief Now
• Recovery Plan
• New Deal
• Big Deal

What is one example of a charitable service during the depression?

• Hoovervilles
• Okies
• Shantytowns
• Soup kitchens