C21 The Great Depression

veterans who marched to demand payment of money promised by Congress.

Bonus Army

Dust Bowl refugees who moved westward to find work.

Okies

risky stock purchases made by investors with the hope of high returns.

speculation

President when the stock market crashed.

Herbert Hoover

governmental efforts to pressure Mexican immigrants to return to Mexico.

repatriation

general who dispersed protestors by ordering federal troops to fire on them with tear gas.

Douglas MacArthur

the periodic expansion and contraction of the economy.

business cycle

agricultural workers who work on land owned by someone else.

tenant farmers

the theory that money invested in banks and businesses will work its way though the system to laborers.

tickle-down economics

the occasion of the stock market crash.

Black Tuesday

Which group faced the greatest financial difficulty during the 1920’s?

farmers

During the 1920s, the United States economy was in which phase of the business cycle?

expansion

Why did the stock market crash?

investors lost confidence in the market and started to sell their shares.

Which factor contributed to the spread of the Great Depression overseas?

a decline in investment from the United States.

Period of severe dust storms that greatly damaged the ecology and agriculture of the American prairies during the 1930s.

Dust Bowl

Why did people leave the areas of the Dust Bowl?

the land couldn’t be farmed.

Both African Americans and Mexican Americans had an especially difficult time during the Great Depression because they…

faced discrimination when competing for a limited number of jobs.

Why did volunteerism fail?

businesses and citizens acted in their best individual interests.

Congress instituted the Reconstruction Finance Corporation to loan money to…

banks so that they could lend money to businesses to stimulate economic activity.

Why did the Bonus Army march on Washington D.C.?

president Hoover vetoed a bill providing for early payment of bonuses.