Ch 22: The Great Depression
Causes of the Great Depression
1. ___________________ was caused by farmers making too much product after WWI.
2. __________________ caused increased production. Why would this be a problem? _________________________________________
3. ________________________means most of the nation’s money was controlled by a small percentage.
4. ________________ was buying a percentage of a ____________ and borrowing the rest. You hope to make a ____________ and pay off your debt quickly.
5. An example of easy credit was the ___________________.
6. Unbalanced foreign trade was caused by _____________________ ______________________________________________.
President Herbert Hoover (1929-33)
7. Hoover was president for the __________ party. He ran against Democrat ___________________.
8. A key issue in the election was Smith’s religion which was ________.
9. Hoover promised in his platform __________________________ __________________________.
10. Hoover seemed to represent the _____________.
11. Hoover (and later Democrat FDR) will favor an easing of tensions with _________________ in his ________________policy.
Stock Market
12. On Oct. 29, 1929, _________________ occurred. This is when the __________________ crashed. Billions of dollars were lost and some stocks became worthless.
13. One cause of this was speculation which was ________________ _________________________________________.
Hoover’s Response to the Depression
14. Hoover did not give any form of ___________________.
15. He proposed that people rely on __________________ to get out of the depression.
16. He also believed in ___________________ that stated change must come from within. He believed direct relief would ______________ ________________________________________.
17. People stood in line for food in _______________ and at ________________.
18. The Republicans raised _____________ to protect American business leaders from ___________________ with the _________ ____________Tariff Act, 1930.
Farmers
19. _____________ hurt farmers and many began to ______________ to make the price of their goods go up. Some saw this as wasteful.
20. In the Midwest, a _________________ was created due to overproduction, clear cutting and drought. Huge _______________ emerged in the area.
21. Those who left the Dustbowl were called _______________.
Blame Hoover
22. Shanty towns called _____________ sprang up over America during the depression.
23. Veterans marched on Washington, DC for their _____________ that was promised to them. They wanted it early. They were called the ___________________. They set up _______________. Hoover sent the _______________ to break them up resulting in more violence and death.
24. Over all, Hoover was blamed for the depression, though he didn’t cause it.
· Causes
· Overproduction
· Technology
· Unequal wealth
· Buying on Margin
· Easy Credit
· Foreign Trade
· Herbert Hoover (1929-33)
· 1928 Election
· Slogan
· Good Neighbor Policy
· Oct. 29, 1929: Black Tuesday
· Hoover’s attempts to end the depression
· Rugged Individualism
· Hawley-Smoot Tariff, 1930
· Destroying Crops
· Dust Bowl
· Okies
· Hoovervilles
· Bonus Army, 1932