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Causes American Life EconomicsResponsesPotpourri 10 Point 20 Points 30 Points 40 Points 50 Points 10 Point 20 Points 30 Points 40 Points 50 Points 30 Points 40 Points 50 Points Bonus Army
Many people bought stocks on this because they didn’t have to pay the full price up front.
What is on Margin?
Many investors engaged in this, where they guessed what a stock would do in the future.
What is speculation?
When stock prices started to fall, brokers began to force people to pay them back, which was known as this.
What is a margin call?
This is the term for a market where stock prices go up for a long time.
What is a Bull Market?
These were the two main reasons why there were bank runs.
What are loan defaults and losses in the stock market?
Communities of homeless people living in shacks were known as this kind of “ville.”
What is a Hooverville?
The negative term “Okie” came from this state where many people came from during the Great Depression.
What is Oklahoma?
Extended drought and farming too much land turned much of the Midwest into this.
What is the Dust Bowl?
Many Okies left their homes and migrated to this state.
What is California?
Okies were treated poorly when they arrived in California because they were poor, but also for this reason.
What is they were competition for scarce jobs?
Many people in the Bonus Army were veterans of this war.
What is WWI?
The Bonus Army marched to Washington D.C. to do this.
What is persuade Congress to pay out their bonus early?
The treatment of the Bonus Army was a disgrace for this President.
Who is Herbert Hoover?
The bonuses earned by WWI veterans was supposed to be paid in this year.
What is 1945?
This person ignored Hoover’s orders and forced the Bonus Army out with fires, tear gas, and bayonnets.
Who is Douglas MacArthur?
This is a place where investors can buy or sell part ownerships in companies.
What is the Stock Market?
This term describes when someone is unable to make payments on something and the bank forces the person out.
What is foreclosure?
The Securities and Exchange Commission (SEC) was set up to monitor and regulate this.
What is the Stock Market?
This government agency was created to insure people’s bank deposits.
What is the Federal Deposit Insurance Corporation (FDIC)?
This law, which taxed foreign goods, was supposed to help American businesses but instead hurt them greatly.
What is the Hawley-Smoot Tariff?
Hoover strongly opposed the idea of the government giving money to poor families, known as this.
What is relief?
Hoover initially felt that having this positive outlook would be all that was needed to end the Great Depression.
What is optimism?
The failures of the Hoover administration allowed this person to win in a landslide.
Who is Franklin Delano Roosevelt (FDR)?
These radio talks by FDR were aimed at letting people know what he was trying to accomplish.
What are fireside chats?
The collection of laws aimed at bank reform, Stock Market regulation, and job creation was known as this.
What is the New Deal?
This government project, initiated by President Hoover, was one of his few successful measures.
What is Hoover Dam?
Many out of work Americans decided to see the country aboard freight trains, which was known by this term.
What is riding the rails?
At the height of the Great Depression this percentage of people were unemployed.
What is 25%?
October 29 th, 1929 is known by this colorful term.
What is Black Tuesday?
This Public Works project which created dams and brought electricity to much of the rural South was a huge success.
What is the Tennessee Valley Authority?
Make your wager
An economic depression has three characteristics. List two of them.
What is a greatly lower stock market, high unemployment, and lower production?