2. The EconomyCrashEveryman Hoover’s Term Dust Bowl 100 200 400 600 800

3. Which phase of the business cycle did the US economy go through during the Roaring 20s?

4. The Federal Reserve limited the money supply to discourage this. Lending

5. Economic problems of the 1920s were hid by this. Easy credit

6. This high protective tariff encouraged Americans to buy domestic products. Hawley-Smoot

7. This economist believed government intervention & spending could have prevented the Great Depression. John Maynard Keynes

8. Theory that money invested in banks and businesses will work its way through the system to laborers. Trickle-down economics

9. Risky stock purchases made by investors with the hope of high returns Speculation

10. This institution felt the effects of the crash as depositors rushed to withdraw their money. banks

11. 16 million shares of stock were sold on this day. Black Tuesday

12. This caused the upper class to make much more money and the poor to become just slightly less poor. Uneven distribution of wealth

13. These people rushed to sell their shares of stock, causing the Great Crash. Investors

14. This group experienced a depression early on as they mechanized their property. farmers

15. Many Americans believed this economic system was failing, and turned toward socialism. Capitalism

16. To combat the effects of the Depression, this group of veterans called for their WWI bonus to be paid early. Bonus Army

17. Despite the high unemployment rate, millions of workers kept their jobs if they could accept this. Wage cuts of 10-30%

18. (Daily Double) Where in New York City was the largest Hooverville? Central Park

19. What president was actually in office when the stock market crashed. Hoover

20. During Hoover’s term, Congress initiated the RFC to loan money to this institution. banks

21. This policy failed when businesses and citizens acted in their individual best interests. volunteerism

22. Hoover strongly resisted using federal resources and instead favored this, meaning to better themselves through their own efforts. Rugged individualism

23. Americans displayed their disdain for a leader who couldn’t solved their crisis by displaying these, or emptied pants pockets. Hooverflags

24. Farmers contributed to the Dust Bowl by using intensive farm practices that removed these. Protective grasses

25. Dust Bowl refugees who moved westward to find work were called these. Okies

26. To the people living in the Great Plains region, the 30s were called this. The Dirty Thirties

27. Most dust storms originated in the southern Great Plains, especially the high plains regions of 5 states. Name 3. Texas, Oklahoma, Kansas, New Mexico, & Colorado

28. The combination of this, loose topsoil, and high winds resulted in the Dust Bowl. Drought