Great depression stuvia - Study guides, Class notes & Summaries

1) What were some of the public works projects that took place during the Great Depression? Why were they created? - ANSWER--Large that created many government jobs for needy people -Highways -Parks -Libraries -Hoover Dam/ Fort Knox/ Lincoln Tunnel 2) What were the causes of the Great Depression? - ANSWER--Growing wealth gap -Stock market crash -Bank collapse -Credit Crisis -Overproduction -International Depression 3) Know background information on Franklin D. Roosevelt - ANSWE...

During the 1920s, the U.S. economy moved through which phase of the business cycle - ANSWER-expansion In 1929, the stock market crashed because - ANSWER-investors lost confidence in the market and rushed to sell their shares What factor helped hide economic problems in the 1920s - ANSWER-Americans purchased many consumer goods on credit What event occurred on Black Tuesday - ANSWER-Investors sold more than 16 million shares of stock Which group experienced an early depression in the ...

What President said he was going to banish poverty for the face of the nation? - ANSWER-Hoover There was a book about Jesus that they told about business term? - ANSWER-The Man Nobody Knows OCT 29 1929 stock market crash aka? - ANSWER-Black tuesday Practice of buying stock for a percentage of its price? - ANSWER-Buying on margin Two main characteristics in of the Great Depression? - ANSWER-Few jobs and low demand First thing Franklin Roosevelt needed to do as president? - ANSWER-H...

Explain the significance of the year 1929 - ANSWER-The Great Depression began. How did the practices of buying on margin and speculation cause the stock market torise? - ANSWER-Speculation drove up market prices beyond the stock's value. Why did the stock market crash cause banks to fail? - ANSWER-Banks had lent money to stock speculators and had invested depositor's money in stocks. List 3 causes for the Great Depression. - ANSWER-Uneven distribution of wealth, decline in sales, mist...

credit - ANSWER-an arrangement in which consumers agreed to buy now and pay later for purchases speculation - ANSWER-buying stocks and ignoring the risk because of a rising market buying on margin - ANSWER-paying a small percentage of a stock's price as a down payment and borrowing the rest Black Tuesday - ANSWER-October 29, 1929; date of the worst stock-market crash in American history and beginning of the Great Depression. Dow Jones Industrial Average - ANSWER-Measure of average o...

What was most important as a cause of the stock market crash of 1929? - ANSWER-Stocks bought on margin had negative value when prices dropped. What connection exists between people's ability to buy goods and unemployment during the Great Depression? - ANSWER-Businesses cut employees because people were unable to buy goods. The fact that many clusters of shacks where the homeless lived were called "Hoovervilles" best supports the idea that - ANSWER-many blamed President Hoover for the Gr...

Agricultural Adjustment Act - ANSWER-Protected farmers from price drops Civil Works Administration - ANSWER-Provided public works jobs at $15/week to four million workers in 1934. Civilian Conservation Corps - ANSWER-Sent 250,000 young men to work camps to perform reforestation and conservation tasks Federal Emergency Relief Administration - ANSWER-Distributed millions of dollars of direct aid to unemployed workers. Glass-Steagall Act - ANSWER-Created federally insured bank deposits ...

Black - ANSWER-In the United States, the beginning of the great depression is often seen as starting on September 4th, 1930 known as _____ Tuesday. Hoovervile - ANSWER-The name for a collection of huts and shacks, as at the edge of a city, housing the unemployed Recession - ANSWER-In economics, this is known as a general downturn in the overall economy Banks - ANSWER-many _____ had also invested large portions of their client's savings in the stock market, and once it crashed, they wer...

Great Depression - ANSWER-A period lasting from 1929 to 1941 in which the U.S. economy was in severe decline and millions of Americans were unemployed. Dust Bowl - ANSWER-In the Great Plains regions of the U.S. The area of dust/damaged farms across a 150,000sq/mile region during the early 1930's. Great Plains - ANSWER-Many farmers moved (migrated to the West Coast to start over) Herbert Hoover - ANSWER-Republican President () who believed in Laissez-Faire, "rugged individualism," and...

Credit - ANSWER-An arrangement in which a buyer pays later for a purchase, often on an installment plan with interest charges. speculation - ANSWER-An involvement in risky business transactions in an effort to make a quick or large profit. buying on margin - ANSWER-An option that allowed investors to purchase a stock for only a fraction of its price and borrow the rest Dow Jones Industrial Average - ANSWER-The average cost of 30 selected stocks, used to give an indication of the directi...