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By Jenna Burleson and Ashley Smith
Chapter 7 By Jenna Burleson and Ashley Smith
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What is the tiny insect from Mexico that reached Georgia by 1915 and destroyed cotton crops?
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ANSWER Boll Weevil
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What does it mean to grow more than just cotton?
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ANSWER Diversify
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A period where there is no rain or not nearly enough; farmers can not grow as much as usual
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ANSWER Droughts
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People started focusing on buying things instead of saving money
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ANSWER Consumerism
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Plans that allow people to pay for things a little at a time
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ANSWER Installment Plans
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People buying things with borrowed money
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ANSWER Easy Credit
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When someone purchases part ownership in companies they believe will make money
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ANSWER Stocks
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Paying for part of a stock then borrowing the rest
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ANSWER Margin
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Making high-risk investments in hopes that they would pay off
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ANSWER Speculation
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When businesses and farmers produced more than people could buy.
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ANSWER Overproduction
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What happened on October 29th,1929 when stock prices dropped so much that it set off a financial panic?
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ANSWER Stock market crash
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The day the stock market crashed and the beginning of the great is called what?
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ANSWER Black Tuesday
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What was the worst financial crisis in US history that lasted throughout the 30’s?
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ANSWER The Great Depression
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What was it called when a large number of Georgia’s African-American population moved to northern cities?
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ASNSWER The Great Migration
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Who was president in 1932 and used government regulation to fix the economy and created the new deal?
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ANSWER FDR
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What was the series of government plans launched by FDR?
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ANSWER New Deal
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A law that paid farmers not to produce certain crops to raise farm prices and also led to more livestock.
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Agricultural Adjustment Act
ANSWER Agricultural Adjustment Act
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Hired married men ages 17-23 in the war and they plant trees in national forests
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Civilian Conservation Corps
ANSWER Civilian Conservation Corps
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An act passed by congress in 1935 that provided retirement pay and other benefits for workers and also provided unemployment insurance that provided money for people out of work.
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ANSWER Social Security Act
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An act that provided funds to supply nations small farms with electricity
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ANSWER Norris Rayburn Act
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Created in 1935 and provided electricity to people who did not have any
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Rural electrification Administration
ANSWER Rural electrification Administration
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Georgia’s governor who opposed social security and new deal programs
Georgia’s governor who opposed social security and new deal programs. Agreed with white supremacies and related to country folk; served 4 terms
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ANSWER Eugene Talmadge
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What impact did overproduction have on Georgia farmers?
What was the great depression and what are 3 factors that helped cause? Who would have most feared the boll weevil in the 1920s? Who believed in using government programs to end the great depression? What new deal is still around today? The bo
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ANSWER TO QUESTIONS Caused farm prices to drop and made it difficult for farmers to get out debt The boll weevil, overproduction, and the stock market crash and the great depression was the worst financial crisis in the US history that lasted throughout the 1930s Farmers in Georgia President F.D.R Social security
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