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25 Cards in this Set

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The ____, ratified in 1933, repealed the ban on alcoholic beverages.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