The Great Depression

Strickland

When the the stock market crash

1929

a good market, prices of shares are going up (FITB)

Bull Market

a bad market, prices of shares are going down (FITB)

Bear Market

pay small % of stock as down payment. Paid to brokers. This worked if prices continued to go up.(FITB)

Buying on Margin

October 29, 1929, the single most devastating financial day in the history of the New York Stock Exchange (FITB)

Black Tuesday

In 1929 about how many banks closed

659

By 1933 a little over 6,000 banks had failed, about what percent of the nations total

25%

Between 1929 and 1932, about how many businesses went bankrupt

85,000

The unemployment rate went from just over ___ in 1929 to over ___ in 1933

3% and 25%

What are Shantytowns

Towns on the fringes of cities. Comprised of shacks and mainly migrants who were working or looking for work.

Between 1929 and 1932, how many farms were foreclosed on

400,000

They had a self adjusting economy, also known as ____

laissez faire

Sales of goods and the construction of factories were ___, while stock values continued to ____

falling, Climbing

Whites were angry with who because of job competition

African Americans and Mexican Americans

Who were they killing in 1933

African Americans

What were the four societal consequences of the Stock Market Crash

• Malnutrition increased

• Schools shut down

• Suicide rates rose

• Psychology of saving/being poor/distrust

Where was the dust bowl through

Stretching from the North in North Dakota to the South in Texas

What was the cause of the dust bowl

 Land as exhausted because of overproduction/poor crop rotation/overgrazing. Land exempt of grass and trees to help hold the soil down

Who was the president during the second half of the great depression

Herbert Hoover

Who was Hoover considered as

Man of “the people“

What did Hoovers advisers suggest he do

they felt that he shouldn't do anything too hasty with regards to the economy. They felt it would fix itself 

Who did the people blame for all the problems

President Hoover

What was a name for Shantytowns

Hovervilles

What was a name for newspapers

Hoover Blankets

What was a name for empty pockets

Hoover Flags

Explain picture

This is a famous photograph called the migrant mother

Where was the Hoover Dam located

In Black Canyon on the Colorado River. About 30 miles southeast of Las Vegas

What famous city is close to the Hoover Dam

Las Vegas