Great Depression and New Deal

During the 1920s, buying on the margin meant

• using gold to buy goods

• obtaining stock without paying full price

• buying goods and services with credit cards

• using cash to buy everything

Match the following

• Bank Run

• 
• Dust Bowl

• 
• Hooverville

• 
• Hobo

• 
• Building Hoover Dam

• 

Why did farmers in the 1920s increase food production?

• the demand in Europe increased because of the war

• the price of crops were dropping so fast farmers were losing money

• the US citizens demanded more food

• because they couldn't afford stock

In the 1920s, protective tariffs were created so people would buy (a)   goods

• American
• Foriegn
• Any goods they wanted

The Great Depression began in ______ (year)

True or False: The only cause of the Great Depression was the Stock Market crashing in October of 1929

• True

• False

Reorder the following

• FDR Becomes President

• WWI Ends

• Overproduction of goods

• The New Deal

• Stock Market Crash

True or False: During the 1920s, the wealth gap between the rich and the poor increased

• True

• False

Two reasons that the ​ (a)   was passed, was to create tax revenue for New Deal Programs and give Americans relief

• 21st Amendment
• Social Security Act
• Bank Holiday
• Federal Housing Authority

"Alphabet Soup" refers to

• the name of the generic soup made for the homeless

• the many stock options available during the 1920s

• the many programs created in the New Deal

• just soup