1. Test Review

2.  Great Depression a time of economic downturn and high unemployment between 1929 and 1941  localism Policy whereby problems could be solved at the local and state levels  tenant farmers agricultural workers who work on land owned by someone else  bread line impoverished people in the cities often waited here to obtain free food from charities and public agencies  Herbert Hoover President when the stock market crashed

3.  repatriation government efforts to pressure Mexican immigrants to return to Mexico  Douglas MacArthur General who dispersed protestors by ordering federal troops to fire on them with tear gas  Okies Dust Bowl refugees who moved westward to find work  speculation risky stock purchases made by investors with the hope of high returns

4.  trickle-down economics the theory that money invested in banks and businesses will work its way through the system to laborers  Bonus Army veterans who marched to demand payment of money promised by Congress  Black Tuesday the day of the stock market crash  business cycle the periodic expansion and contraction of the economy

5.  Other than minorities, who faced the greatest financial difficulty during the Great Depression? farmers  Which phase of the business cycle was the US in during the 1920s? expansion  Why did the stock market crash? Investors lost confidence in it and sold their shares & stock prices had risen too high because of speculation

6.  Why did the Bouns Army march on Washington in 1932? President Hoover vetoed a bill providing for early payment of bonuses.  How did the Hawley-Smooth Tariff cause global depression? European countries retaliated with their own protective tariffs which caused a decline in US investments in other countries  What was the purpose of the RFC? To loan money to banks so they would lend money to businesses to stimulate the economy

7.  Why did farmers lose their land? They could not make enough money from farming to pay off their mortgages.  What were the three main factors which caused the Dust Bowl? Farming practices, drought, high winds  What was Hoover’s first plan to relieve the depression? Localism and volunteerism