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

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Presentation transcript:

The EconomyCrashEveryman Hoover’s Term Dust Bowl

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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