Questions and Answers
What does Black Tuesday refer to?
What was the BONUS Army?
An assemblage of 43,000 marchers, including World War I veterans, demanding cash-payment redemption of their service certificates.
The Dust Bowl was caused only by severe drought.
False
When did the stock market crash that marked the beginning of the Great Depression?
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Black Tuesday is often cited as the beginning of the ______.
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Study Notes
Black Tuesday
- Occurred on October 29, 1929, marking a significant market crash.
- Nearly 16 million shares traded on the New York Stock Exchange, quadrupling normal trading volume.
- Resulted in a 12% drop in the Dow Jones Industrial Average.
- Widely recognized as the starting point of the Great Depression.
Bonus Army
- Comprised approximately 43,000 marchers in Washington, D.C., including 17,000 World War I veterans.
- Organized in the spring and summer of 1932 to demand immediate cash payment for service certificates.
- Known as the Bonus Expeditionary Force, drawing a parallel to the American Expeditionary Forces of World War I.
- Led by Walter W. Waters, a former army sergeant.
Dust Bowl
- Also referred to as the Dirty Thirties, this period in the 1930s experienced severe dust storms.
- Devastated the ecology and agriculture of U.S. and Canadian prairies.
- Caused by severe drought and ineffective dryland farming practices that failed to prevent wind erosion.
Stock Market Crash
- Black Tuesday reflects a broader stock market crash on the same date, resulting in massive financial losses.
- Billions of dollars evaporated, impacting thousands of investors.
- The aftermath propelled the U.S. and global economies into the Great Depression, lasting from 1929 to 1939, marking a historic economic downturn.
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Description
Test your knowledge on key terms related to the Great Depression with these informative flashcards. Learn about significant events like Black Tuesday and groups such as the Bonus Army that impacted this era in history.
