Great Depression Review
What were the signs the Depression was around the corner? Industry wasn’t as strong Failing famers Rising prices of goods Credit Crash Uneven distribution of income
What made the Great Depression even worse? Run on the banks Government Laissez Faire policy Businesses failing Unemployment
Black Tuesday 3 Clues Known by many as the start of the Great Depression October 29, 1929 Millions of Americans lost everything overnight
Dow Jones Industrial Average 2 Clues Is a measurement of the stock market’s health Thermometer of the stock market It is still used today
Great Depression 1 Clue Period from 1929 to around 1940 in which the economy of the US (and almost every country in the world) plummeted
Run on the Banks 2 Clues Made the Great Depression even worse People withdrew their money from banks across the nation
Hawley-Smoot Tariff Act, Clue This was supposed to protect American farmers and industry from foreign competition, instead did the opposite
President Herbert Hoover 4 Clues President at the time of the start of the Great Depression Republican who believed in Laissez Faire Economics The economy became worse Ordered the Bonus Army to leave Washington, DC
Shantytown/Hooverville 1 Clue Little towns consisting of makeshift shacks which sprang up very quickly
Soup Kitchen 1 Clue Offered free or low cost meals
Bread Line 1 Clue Long lines of people waiting to get food provided by charitable organizations
Dust Bowl 3 Clues Early 1930s, a great drought hit the Great Plains of the US Caused the soil to turn to dust which was picked up by the wind, causing tsunamis of dust blowing on everything in its path Hundreds of thousands of people living on the Great Plains left
Boulder (Hoover) Dam 5 Clues Public works project set up during Hoover’s presidency in the American Southwest Provided flood control for the Colorado River Created a lot of electricity for the American southwest Created Lake Meade Helped bring water all over California
Bonus Army 3 Clues Comprised of WWI veterans and their families Between 10 and 20 thousand of them descended on Washington Went to DC to support a bill in Congress which would have given them their WWI bonuses early
What did Hoover do to the Bonus Army? He sent in troops to squash their protest of the failure to pass the WWI bonus bill
Welfare 1 Clue Direct help (usually money) a government gives to its people