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24 Cards in this Set
- Front
- Back
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Even thought industry was booming who was suffering?
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farmers
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Why was Europes agricultural production down in the 1920's?
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the war had destroyed farm land or was covered with dead bodies
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What areas increased food production to help Europe?
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Africa, Australia, India, new Zealand, North America and South America
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In response, to the increased need in food production, many farmers in the United States?
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took out loans to buy better machines, new machines and more land
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Then after WWI ended, demand for grain decreased and prices fell. What was the effect of this situation?
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the farmers weren't getting enough money to pay off there debts
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What is economic nationalism
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policy that a nation uses to try to improve its economic welll being by limiting trade
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Why did nations use economic nationlism?
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to protect their industries from foreign compotetion
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What are market spectulations?
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risky investments in stock market
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What is the stock market?
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an orginization in which shares of stock in companies are bought and sold
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October 29, 1929
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the stock market crashed and began the Great Depression
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The collapse of the New York Stock Exchang marked the beging of the.....
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world wide Great Depression
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Prices of consumer goods decreased tremendously, but...
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had money to buy them
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In order to raise prices. what did some nations do?
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they destroyed farm surpluse
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What did the united States practice in attempt to protect itself during the Great Depression?
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economic nationalism
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Who was president at the beging of the Great Depression?
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Herbert Hoover
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The first president kept believeing thet prosperity was....
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just around the corner
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The second president during the Great Depression was?
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Franklin D. Roosevelt
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Roosevelt created a relief program called the.....
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New Deal
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What did this new program do?
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the federal government granted money to each state to provide the needy with clothing , food and shelter
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What dis the U.S. do to help the workers in their counrty?
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they issued the Social Security Act of 1935which provided unenployment and old age benifits. Congress estab lished a 40hour work week and minimum wages.
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Did the New Deal end the Great Depression?
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No
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How much did unemployment rase from 1929-1932?
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30%
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What nation in Europe had the highest unemployment rate in 1932?
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Denmark
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In many cases, during the Great Depression kids were viewed as......
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burdens
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