Download Economic problems of the 1920s were hid by this.

The Economy
Crash
Everyman
Hoover’s
Term
Dust Bowl
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Which phase of the business cycle did the
US economy go through during the
Roaring 20s?
The Federal Reserve limited
the money supply to discourage
this.
Lending
Economic problems of the
1920s were hid by this.
Easy credit
This high protective tariff
encouraged Americans to
buy domestic products.
Hawley-Smoot
This economist believed
government intervention &
spending could have prevented
the Great Depression.
John Maynard Keynes
Theory that money invested in
banks and businesses will
work its way through the
system to laborers.
Trickle-down economics
Risky stock purchases
made by investors with
the hope of high returns
Speculation
This institution felt the effects
of the crash as depositors
rushed to withdraw their
money.
banks
16 million shares of stock
were sold on this day.
Black Tuesday
This caused the upper class to
make much more money and
the poor to become just
slightly less poor.
Uneven distribution of wealth
These people rushed to sell their
shares of stock, causing the
Great Crash.
Investors
This group experienced a
depression early on as they
mechanized their property.
farmers
Many Americans believed
this economic system
was failing, and turned
toward socialism.
Capitalism
To combat the effects of the
Depression, this group of
veterans called for their
WWI bonus to be paid early.
Bonus Army
Despite the high
unemployment rate, millions
of workers kept their jobs if
they could accept this.
Wage cuts of 10-30%
(Daily Double)
Where in New York City was the
largest Hooverville?
Central Park
What president was actually in
office when the stock
market crashed.
Hoover
During Hoover’s term,
Congress initiated the
RFC to loan money to
this institution.
banks
This policy failed when
businesses and citizens
acted in their individual
best interests.
volunteerism
Hoover strongly resisted using
federal resources and instead
favored this, meaning to better
themselves through their own
efforts.
Rugged individualism
Americans displayed their
disdain for a leader who
couldn’t solved their crisis
by displaying these, or
emptied pants pockets.
Hooverflags
Farmers contributed to the
Dust Bowl by using
intensive farm practices
that removed these.
Protective grasses
Dust Bowl refugees who
moved westward to
find work were called
these.
Okies
To the people living in the
Great Plains region, the 30s
were called this.
The Dirty Thirties
Most dust storms originated in
the southern Great Plains,
especially the high plains
regions of 5 states. Name 3.
Texas, Oklahoma, Kansas, New Mexico, &
Colorado
The combination of this,
loose topsoil, and high
winds resulted in the Dust
Bowl.
Drought