Farmers’ struggles first warning signs
1. Term describing American Agriculture
during the 1920’s, the result being
decreased demand and decreased prices.
2. The maintenance of a price at a certain level
through government Intervention.
3. Congress tried to pass numerous “Price
Supports” to bail out the farmers, but this
President vetoed every one.
“Easy Credit Rip Offs, Good Times”
4. Term describing an arrangement in which
consumers agree to buy now and pay later,
created a false sense of prosperity as people were
“living beyond their means”.
5. Aspect of the American economy of the 1920’s that
could be described by the quote “the rich are getting
richer, the poor are getting poorer”.
Uneven Distribution of Income
6. Many people believed the economy must be sound
sense the number of _____ was actually increasing,
but reality was that the numbers of families below
the poverty line was also increasing.
Riding the Coat tails of “False
7. Won the Presidential election of 1928
based on the “prosperity” the nation
enjoyed under previous Republican
Problems in the Stock Exchange
signal the Beginning
8. Most widely used gauge of the health of the stock market, in
the 1920’s and still today.
Dow Jones Industrial Average
9. Term describing the stock market of the late-1920’s.
10. Practice of purchasing stocks in the interest of turning a quick
profit. Too much of this creates an unstable stock exchange.
11. Purchasing of stock by paying a small amount up front and
taking out a loan for the rest, tied a person’s fate to the
fluctuation of stock prices.
Buying on Margin
12. Day the Stock Market crashed, resulted in massive business
and Bank failures and dramatic spike in unemployment.
The “Happy Days” are Gone
13. Term describe the horrific economic
disaster that occurred in the United
States between 1929 and 1940.
The Great Depression
14. One of the first crises to hit the United
States economy after the crash was
rampant _____ failures, caused by
people panicking withdraw and hoard their
2009 saw the most Bank Failures of any year
since the Great Depression.
Is the Answer less trade, really?
15.Raised U.S. Tariffs to their highest level
at that point, caused other nations to
close their markets to American
The Hawley-Smoot Tariff
Mother Nature doesn’t help any
16.Natural disaster related to the
depleting of the soil in the Midwest,
strong windstorms caused massive
dust clouds that killed livestock and
severely damaged crop harvests.
The Dust Bowl
FDR vs. Hoover
17. Policy supported by Franklin D. Roosevelt
and opposed by President Herbert Hoover,
it provided assistance directly to the people
that were suffering.
18. Concept supported by President Hoover that
was based on the belief that people needed
to pull themselves out of this distress by
finding jobs and not depending on handouts.
Hoover’s efforts are “too little, too
19. The best example of a Public Works Project under the Hoover
administration, it created jobs of thousands of people and was
later renamed Hoover Dam.
20. Derogatory name for the shantytowns that sprung up all over
America. It was designed to assign blame for the poverty
during the Depression on Herbert Hoover.
21. Act of Congress passed and signed by Hoover that provided
loans to citizens to prevent foreclosures.
Federal Home Loan Bank Act
22. Commission set up by Hoover to provide loans to businesses to
prevent them from failing and intensifying unemployment.
Reconstruction Finance Corporation
The Hoover Administration gets a
23. Group of World War I veterans, they had been promised a
Bonus that was to be paid in 1945, due to the Depression they
wanted the Bonus paid in 1932.
The Bonus Army
24. Proposed a Bill to Congress that would pay the WWI Vets their
bonus. Congress did not pass the Bill.
25. Commanded the soldiers that were ordered by Hoover to
disband the Bonus Army, by force if necessary. Over 1000
people were gassed by the soldiers, 2 were shot and killed,
others wounded. This was, arguably, the low point for the