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17 Cards in this Set
- Front
- Back
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_______ in the 1920s hid troubles |
Prosperity |
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Hoover won for president because of his_____. |
Optimism |
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Why were farmers hit with economic problems(before the Great Depression)? |
During World War 1 the crop demands were very high so they increased harvest yields, bought more land, and bought costly machines. After the war, the crop demand decreased, learn the farmers with a great debt and no way to pay it off. |
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Name 2 causes of the Great Depression |
Wealth distributed unevenly, the overuse of credit |
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How long did the Great Depression last? |
1929-1939 |
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One of the first institutions to feel the effects of the stock market crash was _____ |
The country's banking system (it couldn't handle all the requests from people to get there money back and was misguided monetary policy) |
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Hawley Smoot Tariff |
Raised prices on foreign imports to such a level that they could not compete in the american market. This was an attempt to solve problems of the Great Depression but instead worsened them, being a cause of the depression going global.
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Name effects of the Great Depression |
Banks and businesses closing, hunger, unemployment, homelessness |
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The dustbowl affected the____ |
Middle of the continental U.S. |
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Where did people migrate to during the dustbowl? |
Missouri, Arkansas, Oklahoma, and Teas |
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RFC |
Reconstruction finance corporation (Hoover Dam) |
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What was hoover theory? |
Trickle down economics |
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Causes of the dustbowl |
Severe drought achieved the land, farmers plowed deep rooted grasses to plant crops, livestock overgrazed the land, and windstorms blew topsoil away.
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When was Hoover elected for president?
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1928
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When was the Hawley snoot tariff established? |
1930 |
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When did congress set up the RFC? |
1932 |
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When was the bonus army driven from Washington, D.C? |
1932 |
