Ch 9 Great Depression
Reconstruction Finance Corporation
. set up in 1932 to allow the government to make loans to businesses
were forced to close
As a result of the stock market crash, some banks suffered more losses than they could absorb and
raise prices by reducing supply
As creditors foreclosed on nearly one million farms between 1930 and 1934, some farmers destroyed their crops in a desperate attempt to
customers lost their saving if banks collapsed
At the time of the stock market crash, the government did not insure bank deposits, so
with mostly borrowed money
Buying on margin was a method of buying stocks
provided a release from daily worries
During the 1930s, many Americans preferred movies, radio programs, and other forms of popular entertainment that
soup kitchens
During the Depression, charities set up ____________________ to give poor people meals.
movies and radios
During the Depression, most people were able to enjoy which two popular forms of entertainment?
Hoovervilles
During the Depression, newly homeless people put up communities of shacks that they called
terrible drought that dried up the soil
Farmers on the Great Plains began to lose their crops during the Depression because
make loans to business
In 1932 President Hoover asked Congress to set up the Reconstruction Finance Corporation in order to allow the government to
rode the rails
In search of work or a better life, many unemployed people
increased government spending
President Herbert Hoover did not want the government to create as many new jobs as the millions of unemployed people needed because that would require
provide jobs lost in the private sector
President Herbert Hoover hoped that increasing government funding for public works projects would
only state and city government should dole out relief
President Hoover opposed direct federal relief to the unemployed because he believed that
lingering depression
President Hoover's image was tarnished by the rout of the Bonus Marchers, as well as by the
investors began to sell their stock
Stock prices first began to decline in late 1929 because
margin call
Stockbrokers who made loans that allowed investors to buy stocks could issue a ____________________ to protect their loans.
the uneven distribution of income
The Depression had deep roots in the economy of the 1920s, including overproduction, high tariffs, missteps by the Federal Reserve, and
Snow White and the seven dwarfs
The first feature-length animated film was
banks had invested their deposit in the stock market
The stock market crash weakened the nation's banks because
Black Tuesday
The stock market took its steepest dive on October 29, 1929, the day now known as
pass legislation giving veterans their promised bonus early
Thousands of World War I veterans came to Washington, D.C., in 1932 to lobby Congress to
homeless and unemployed
To portray life around them, artists and writers of the 1930s often used ____________________ as subjects in their work.
camped in vacant building in Washington D.C.
When the Senate voted down a bill that promised an immediate $1,000 bonus to each veteran of World War I, some veterans
Speculators
____________________ invested in stocks, betting that the market would continue to climb so that they could make a quick profit.
bull market
a long period of rising stock prices
overproduction
companies make more goods than people can buy, causing a decrease in sales
interest rates
if they remain too low, banks make risky loans and companies expand too much
Douglas MacArthur
led the troops that dispersed the Bonus Army
speculation
making investments in hope that prices will go up, yielding a quick windfall
bank run
many depositors withdrawing their money at once
Okies
migrants from the Great Plains heading west in search of better lives
Grant Wood
painter of the 1930s who was part of the regionalist school
Emergency relief and construction act
reluctantly signed by President Hoover to supply relief funds to states
margin call
stockbroker's demand for immediate repayment of a loan used to buy stock
Black Tuesday
the biggest drop of the 1929 stock market crash
budget deficit
the result when the government spends more than it collects in taxes
bank run
when many depositors decide to withdraw their money at one time
William Faulkner
writer who showed what characters were thinking before they spoke