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21 Cards in this Set
- Front
- Back
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When did the great depression happen? |
1929-1939 |
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Who were the three "B's" that the American public blamed? |
Bankers Brokers Businessmen |
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What and when was black Tuesday? |
Was October 29, 1992. It was when the stock market crashed |
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Define buying on margain |
Buying stock on credit (putting some money down and paying off later) |
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What and when was black Thursday? |
Was October 24, 1929. It was the day that people sold their shares in the stock market |
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What is disposable income? |
The amount of money left after tax |
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Define speculation |
Assumption that stocks can always be sold at a high rate |
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What was the tax passed in the 1930 and placed tax on imports coming in from other countries ? |
The Hoawley-Smoot Tariff |
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What percentage of Americans had no money to save after necessities? |
75% |
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What "job" became popular during the Great Depression? |
Selling Apple's |
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Define hobo |
A vagrant worker that ride railroads in search of work |
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How many Americans were unemployed during the Great Depression? |
12 million were unemployed |
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How many Americans became hobos? |
3 million Americans became hobos |
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Out of the 3 million hobos, what percentage were teenagers? |
75% were teens |
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How many schools closed during the Great Depression? |
2,600 schools closed |
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What charitable organization was in charge of helping the needy during the Great Depression? |
The Salvation Army |
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How many Americans lived below the poverty level during the Great Depression? |
75% of Americans were below the poverty level |
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What was the dust bowl and where was it located? |
The Dust bowl was a major wond storm that blew loose dust |
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What was a "black blizzard"? |
Black blizzard's are giant dark black sand storms |
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What were the 4 reasons for the Dust Bowl? |
Severe drought Over Grazing cattle Over plowing High winds |
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What were the 6 cause of the Great Depression? |
The stock market crashed Uneven distribution of wealth Global depression Bad banking structure Overproduction of goods Limited or poor state if economic intelligence |
