Mr. McCormack Big Idea Worksheet
US History II Study Guide
Central Dauphin High School
Chapter Fifteen – Crash and Depression (1929-1933)
Section One: The Stock Market Crash (p 508-512)
Most money was concentrated in a small percentage of the population who tended to ______or ______rather than ______. (p 512)
Industry produced more goods than ______wanted or could afford. (p 512)
______and many ______had not shared in the economic boom. (p 512)
______bought stocks with borrowed money and then pledged those stocks as ______to buy more stocks. (p 512)
The Federal Reserve cut ______in the 1920s to spur growth, but failed to spur growth in 1929. (p 512)
By 1929, many stock prices soared far above their real value in terms of the company’s ______. (p 509)
Although business and political leaders tried to reassure Americans, by ______worried investors began to sell. (p 509)
October 29, 1929, known as ______, witnessed the single largest sell-off in stock market history. (p 509)
Overall losses totaled ______. (p 509)
Tracing the Market Crash: Use the data points on the chart below to answer the question that follows.
How might an investor who purchased stock prior to 1928 react differently from someone who had purchased stock in 1929? ______
Initially, the effects of the Crash were felt only by the ______people who were heavily invested in the stock market. (p 509)
Explain each of the following statements about the “ripple effect” of the crash.
Ripple Effect of the Crash (p 510)Risky loans hurt banks
Consumer borrowing
Bank runs
Bank failures
Savings lost
Production cuts
Rise in unemployment
Further production cuts
The results of the Great Crash were symptoms of a ______, which is marked by a falling output of ______and ______. (p 511)
The Great Crash began the most severe economic downturn in American history, the ______, which lasted until 1941. (p 511)
By 1932, ______people (about ______of the labor force) were unemployed. (p 511)
Gross National Product decreased from ______in 1929 to just ______in 1933. (p 511)
Please draw a flow chart showing how the Great Crash reverberated through investors, businesses, banks, and the world economy: (p 510)
Mr. McCormack Big Idea Worksheet
US History II Study Guide
Central Dauphin High School
Chapter Fifteen – Crash and Depression (1929-1933)
Section Two: Social Effects of the Depression (p 513-518)
Homeless people sometimes built shanty towns that came to be called ______, mocking the President for inaction, or ______. (p 514)
Other homeless people drifted from place to place by ______or riding the ______. (p 514)
Farm families suffered from ______that cut their income and prevented them from paying their ______. When banks foreclosed, many farms were put up for ______. (p 514)
For many farmers, the Depression was made worse by an environmental tragedy that turned the Great Plains into the ______. (p 514)
This phenomenon resulted from a severe ______and poor ______practices. (p 515)
The most severe dust storms were known as ______. (p 515)
The severe weather persisted for ______. (p 515)
The combination of terrible ______and low ______for farm products caused about ______of affected farmers to lose their farms. (p 515)
Many migrated to ______to find work as farm laborers. (p 515)
As the Depression continued, it took a serious ______and ______toll on the nation. (p 515)
Please summarize some of the effects the Depression had on society.
Social Strains of the Depression (p 515-517)Impact on Health / Stresses on Families / Impact on Discrimination
Long after the economy recovered, many Depression survivors continued to act as if ______was just around the corner. They pinched ______, avoided ______, and even stuffed money in ______rather than trust it to ______. (p 520)
Mr. McCormack Big Idea Worksheet
US History II Study Guide
Central Dauphin High School
Chapter Fifteen – Crash and Depression (1929-1933)
Section Three: Surviving the Great Depression (p 520-523)
Throughout the country people pulled together to help each other. Tenant groups formed to protest ______and ______. (p 520)
In some farm communities, local farmers met and secretly agreed to keep bids low during what came to be called ______. Buyers then ______the farms and machinery to ______. (p 521)
Some states, including Iowa, passed laws suspending ______on farms. (p 521)
Many young people left their homes either ______or to ______. (p 521)
Young people riding the rails were vulnerable to many dangers, including ______, the possibility of ______, or even the threat of ______. (p 521)
These drifters came to be called ______. (p 521)
______, an unemployed man from New Germantown, PA, created the board game ______so that people could amuse themselves with the fantasy of wealth. (p 521)
As bad as things were, few Americans called for ______. This contrasted with ______. (p 522)
Radical reform movements included the ______political party, which had about ______members. Its candidate won over ______votes in the 1932 election, while the less radical ______party won ______votes. (p 522)
People fought despair by ______, especially about President Hoover:
Hoover Blankets:______
Hoover Flags:______
In February 1933 Congress passed the ______, ending ______. It was ratified that year. (p 522)
Some regretted the repeal, but most welcomed it as an end to a failed ______and as a curb on ______who profited from ______. (p 522)
Eight states continued to ban ______. (p 522)
For many, a dramatic symbol of hope was the new ______, the world’s tallest building (at that time). It was developed by ______at the cost of about ______. (p 523)
By the mid-1930s, symbols of the ______had mostly faded. ______was sent to prison. President ______died. Baseball legend ______retired. Industrialist ______was vilified by organized labor. Aviator ______suffered personal loss when his son was kidnapped and murdered. (p 523)
Mr. McCormack Big Idea Worksheet
US History II Study Guide
Chapter Fifteen – Crash and Depression (1929-1933)
Section Four: The Election of 1932 (p 524-529)
For a few months after the stock market crash, Hoover insisted the key to ______was ______. (p 524)
Hoover blamed the Depression on ______economic conditions beyond ______. (p 525)
He believed that ______controls by ______were the best way out of the crisis. (p 525)
In spite of a promise to the contrary, many firms quietly cut ______. (p 525)
After a year of misery, the public began to blame him and ______for the crisis. (p 525)
Even before the Depression, Hoover passed the ______to create a ______and stabilize the prices of ______. The program ______at the cost of ______million dollars. (p 525)
After ______seats in the 1930 elections, Hoover spent more on ______, ______, ______, and ______. (p 525)
In 1930, Congress passed the ______to protect domestic industry, but it backfired when ______raised ______. (p 525)
In 1932, Hoover set up the ______to give ______to large industries, railroads, insurance companies, and banks. (p 525)
To many people, it seemed the government was helping ______while ______went hungry. (p 526)
In spite of several programs, Hoover insisted that ______and ______should handle relief. (p 526)
As the Depression deepened, some economists backed the idea of ______, who argued that ______could help a collapsing economy and encourage more ______spending and production. (p 526)
A low point for Hoover came when ______, known as the ______, encamped in Washington DC to demand the immediate payment of a ______that had been promised for ______. (p 527)
A few violent incidents prompted Hoover to call in the ______which, under the command of ______, drove the protesters out of Washington DC. (p 527)
Campaigning for president, Franklin Delano Roosevelt pledged himself to a ______for the American people at the 1932 Democratic convention. (p 527)
What was FDR’s political background? (p 527) ______
______
What was Eleanor Roosevelt’s political background? (p 527) ______
______
Unlike Hoover, FDR was ready to experiment with ______. (p 528)
The campaign was more than a contest between candidates; it was a contest between two ______. (p 528)
Many Americans did not support Roosevelt because of his ______as much as they opposed Hoover because he had been ______. (p 528)
FDR won by a margin of ______votes, especially with support from ______, ______, and ______. (p 529)