Chapter 25: The Great Depression, 1929-1932

This action by customers caused many banks to become insolvent.
What is it?

bank run

The stock market crash was caused by 

speculative stock investments, underlying weaknesses in the economy including problems with foreign loans, income inequality, and the collapse of public confidence. 

Herbert Hoover’s belief in what would help get America through the economic downturn?

American individualism

I pioneered the pyramid scheme, where old investors were paid off with new investor’s funds. This get-rich strategy is still used today to fleece people. Who am I?

Charles Ponzi

The stock market crash was NOT the sole cause of the Great Depression since approximately what percentage of American households invested in the stock market?

approximately 10 percent

President Herbert Hoover implemented which federal programs to help the banks re-open and get public works projects off the ground?

Reconstruction Finance Corporation and the Emergency Relief and Construction Act.

When Herbert Hoover took office in March 1929, the U.S. economy

showed ongoing prosperity and the outlook was very positive.

Workers laid-off at which automotive company went on strike in 1932?

Ford Motor Company

How did President Herbert Hoover and his administration respond to the stock market crash of 1929?

with positive pronouncements and an optimistic economic forecast for 1930

Which of the following is accurate regarding families during the Great Depression?

people put-off getting married and having children

Black Tuesday (October 29, 1929) spelled the widespread failure of which industry?

banking industry

During the Great Depression, homeless people built shantytowns called?

Hoovervilles after President Herbert Hoover

While the national unemployment rate reached twenty-five percent, African American unemployment topped

fifty (50) percent

What was a contributing factor to the Dust Bowl on the Great Plains?

an eight-year drought

Which novel turned into a movie told the story of a Dust Bowl family and portrayed communism as the solution to society’s problems? 

The Grapes of Wrath

Which two industries had the greatest impact in the economic downturn?

construction and automotive

Which demographics struggled the most during the Great Depression?

minorities and the working class

Which foreign policy implemented by Herbert Hoover exacerbated the Great Depression?

Smoot-Hawley Tariff

Many people living during the Great Depression wanted entertainment that

helped audiences escape their problems

President Herbert Hoover disbursed this group requesting an early payment for their military service. Who are they?

Bonus Army

President Herbert Hoover successfully cultivated positive foreign relations with

Latin America countries

The Scottsboro Boys gained national attention and the case highlighted Southern racism and injustice when

nine young black men were falsely convicted of raping two white women.