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25 Cards in this Set
- Front
- Back
This is a period in which the economy grows, then contracts.
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Business cycle
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Information about stock prices is reflected in the ________.
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Dow Jones Industrial Average
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During the Depression, homeless people set up ____.
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Hoovervilles
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The ____, ratified in 1933, repealed the ban on alcoholic beverages.
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Twenty-first Amendment
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In 1930, Congress passed the ____ to protect domestic industries from foreign imports.
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Hawley-Smoot Tariff
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Throughout most of the 1920s, Americans were generally
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confident that business would bring continued prosperity for many years to come.
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One sign that the economy might be weakening in the 1920s was
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uneven distribution of national wealth.
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A major environmental crisis of the 1930s was known as
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the Dust Bowl.
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In 1933, the Twenty-first Amendment brought an end to
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Prohibition.
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The 1932 presidential election served as a turning point in the way Americans viewed
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the responsibilities of the federal government towards citizens.
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How did most investors react to a sudden fall in stock prices in 1929?
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They raced to sell their stocks, which made stock prices fall even lower.
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A fundamental disagreement between the candidates in the 1932 presidential election concerned whether or not
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the federal government should try to fix people’s problems.
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Not long after Black Tuesday, the stock market crash was affecting
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millions of Americans, many of whom had never owned stocks.
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After the Crash, thousands of American banks closed, because they
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could not return depositors’ money.
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The collapse of the American economic system
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led to a worldwide depression.
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The rise in homelessness mainly resulted from
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laid-off workers losing their homes and savings.
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People’s physical and mental health declined as a result of
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poor diet and anxiety.
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During the Depression working women were
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accused of taking jobs away from men during tough economic times.
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What did some people agree to do when a foreclosed farm was auctioned?
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keep bids low (Penny Auctions)
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What was one dramatic symbol of hope during the Depression?
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the Empire State Building
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Hoover believed that the best way to end the Depression was through
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voluntary controls by American businesses.
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To get the Bonus Army marchers to leave the capital, General MacArthur
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used force.
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One of Franklin Roosevelt’s traits that appealed to Americans was his
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Positive attitude to overcome the Great Depression.
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Roosevelt easily won the 1932 presidential election by promising
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a New Deal for Americans.
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The election of 1932 was a turning point in the role of
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government in American society.
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