Ch. 14 Test Topics:
-- Causes of the Stock Market Crash
Stock prices inflated, buying on margin, lack of government regulation, buisnesses cut production and laid off workers
--Causes of the Great Depression
Stock prices inflated, buying on margin, lack of government regulation, uneven distribution of wealth, over production of goods, people quit spending
vicious cycle- companies lose money so they lay people off, people spend less money, companies lay off workers
1. 1928 Election(466)
Hoover (R) Al Smith (D) Hoover won big, republicans were heavily favored
smith wanted to get rid of prohibition, smith was catholic (only had one catholic president ever)
2. Stock Market in the 1920's(466-468)
companies were making a lot of money people were buying on credit and the stock market was booming
3. Story of the stock market crash-not the causes(467-469)
Stock market was way higher than they should of been and everybody wanted to sell all at once
4. Banks and business' collapse(469)
app. 10,000 out of 25,000 banks went bankrupt... 90,000 buisness went out of buisness... unemployment rose from 3% to 25%
5. Effect stock market crash had on other countries(469-471)
Our lack of trade hurt other countries, south africa cause of gold, england, germany all had a depression
6. Depression in the cities(472-473)
lots of people didn't have enough to put food on the table
7. Depression in the rural areas(473)
8. Dust Bowl(474)
Dust infested peoples homes ruined people crop and pretty much made the depression even more miserable
9. Men in the Streets(475)
10. Women struggle to survive(475-476)
Women couldn't work and the very few that did were criticized for taking mens jobs
11. Children suffer hardships(476)
Children couldn't grow properly without the right amounts of food
12. Social and psychological effects(477)
Suisides/issues due to depression
13. Hoover's background
Hoover was the first and only iowa us president, from west branch, iowa... an orphan by age 9.. the hoover damn named after him
14. Hoover's philosophy/Cautious steps(479)
He wanted to help the citizens and make them come together as a nation.. he was big on the red cross
15. Boulder Dam(480)
Project that would get us out of a slump, eventually paid for itself, created jobs... makes energy
16. Democrats win 1930 Congressional elections(480)
17. Hoover takes action(481)
Example of Trickle down theory: Reconstruction Finance Corperation. Gave money out too big buisnesses, banks, and hoped they would create jobs. Federal home loan bank act. Big banks would loan money to smaller banks.
18. Bonus Army(482-483)
WW1 veterans in 1945 were gonna be given a bonus for fighting. Many needed it sooner so they tried to pass a bill for them to get it in 1943.
Ch. 15 Test Topics
Describe the cycle of the Great Depression?
What was the New Deal(1st and 2nd) and it's goals(3 R's)?
Why did people criticize the New Deal?
Why was FDR upset with the US Supreme Court and what did he do to try to solve this issue?
How did the New Deal help:
unemployed
farmers
factory workers/labor
young people
banks/business
home owners
elderly
Native Americans
Describe the culture of the 1930's.
Key terms:
Hundred Days
fireside chats
priming the pump
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