Questions and Answers
During the Roaring Twenties, the US had just got out of __________, and business was booming.
World War I
In the 1920s, many Americans invested money in the ______ market.
stock
The value of a share in a company hardly ever changes.
False
What happened in the summer of 1929?
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What happened on Black Tuesday in October 1929?
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The ____________ caused food shortages in the southwestern Great Plains.
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What is another term for shantytowns?
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At the beginning of the Great Depression, which president did many Americans blame for their problems?
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Which of the following are programs that were part of the New Deal? (Select all that apply)
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The Social Security Act of 1935 guaranteed what?
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Study Notes
The Roaring Twenties and Economic Context
- The Roaring Twenties followed World War I, marked by economic growth and societal change in the US.
- Many Americans became investors during this prosperous decade, particularly in the stock market.
Stock Market Dynamics
- The value of shares can fluctuate significantly, contrary to the belief that they remain stable.
- A significant event in the summer of 1929 was a decrease in goods production and a rise in unemployment rates.
The Crash of 1929
- Black Tuesday occurred in October 1929, a monumental day when Americans sold millions of shares, leading to a stock market collapse.
Environmental and Societal Challenges
- The Dust Bowl, a severe drought and environmental disaster, resulted in food shortages across the southwestern Great Plains.
- Shantytowns, often called Hoovervilles, emerged during the Great Depression as communities of displaced individuals sought shelter.
Political Fallout
- President Herbert Hoover was largely blamed by the American public for the economic hardships at the onset of the Great Depression.
The New Deal
- The New Deal included programs like the Works Progress Administration and the Social Security Act, aimed at economic recovery and social support.
- The Social Security Act of 1935 provided pensions for retirees and financial assistance for the unemployed, representing a significant shift in government support for citizens in distress.
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Description
Test your knowledge about the Great Depression and the events leading up to it with these interactive flashcards. Explore key terms and definitions that shaped this critical period in American history.
