Great Depression

This 1929 event sparked a chain reaction that led to the Great Depression:

• Stock Market Crashed

• Herbert Hoover Elected

• Federal Reserve changed the banking systems

• US economy slowly grew

Unemployment during the Great Depression caused:

• Consumers put all their money in banks

• Consumers made so many purchases that businesses thrived

• Consumers could not afford to buy goods, resulting in businesses failing

• Consumers caused businesses to sell out of goods bc too many were being purchased

What was a result of the Hawley-Smoot Tariff?

• Foreign companies made tons of money off the US

• The US asked for loans from European countries

• Foreign nations increased their tariffs in response, leading to a decline in trade

• European nations prospered while US tanked

Shanty towns built for the homeless during the Great Depression:

• Slums

• Tenements

• Sod Homes

• Hoovervilles

Which of the following helped cause the banks to fail in 1929?

• People withdrew all their money at once

• Federal Reserve raised interest rates

• Corruption was rampant in banking

• Bankers took bribes from the Government

Who won the election of 1932?

• Herbert Hoover

• Calvin Coolidge

• Franklin D Roosevelt

• Warren Harding

Dust storms that took place in the 1930s, damaging agriculture and making it difficult for farmers to recover from the Great Depression:

• New Deal

• Square Deal

• Dust Bowl

• Farmer's Market

President during the Great Depression:

• Warren Harding

• Franklin Roosevelt

• Herbert Hoover

• Joe Biden

Bonus Army March:

• WWI Vets marched on Washington DC to demand their bonus payments, ended in violence

• US army left to make their own invasion force

• Herbert Hoover gave money away to the military

• All the Above

FDR's plan to recover from the Great Depression:

• New Deal

• Square Deal

• Green Deal

• Deal or No Deal