Chapter 14 The Great Depression

1
Chapter 14 The Great Depression

• Test Review

2
People, Places and Things

• 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 landowned 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
People, Places and Things

• repatriation
• government efforts to pressure Mexicanimmigrants
  to return to Mexico
• Douglas MacArthur
• General who dispersed protestors by
  orderingfederal troops to fire on them with tear
  gas
• Okies
• Dust Bowl refugees who movedwestward to find
  work
• speculation
• risky stock purchases made by investorswith the
  hope of high returns

4
People, Places and Things

• trickle-down economics
• the theory that money invested in banksand
  businesses will work its way throughthe system
  to laborers
• Bonus Army
• veterans who marched to demand paymentof money
  promised by Congress
• Black Tuesday
• the occasion of the stock market crash
• business cycle
• the periodic expansion and contraction ofthe
  economy

5
Concepts

• 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
Concepts

• 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
Concepts

• 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 Hoovers first plan to relieve the
  depression?
• Localism and volunteerism