The Great Depression Study Guide Day 1

Past Presidents: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (1913-1921), \_\_\_\_\_\_\_\_\_\_\_\_\_\_(1921-1923), \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(1923-1929), Now... \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (1929-1933). Herbert Hoover believed in **"\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Individualism"**. Keep the economy mov...

Past Presidents: \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (1913-1921), \_\_\_\_\_\_\_\_\_\_\_\_\_\_(1921-1923), \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(1923-1929), Now... \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ (1929-1933). Herbert Hoover believed in **"\_\_\_\_\_\_\_\_\_\_\_\_\_\_ Individualism"**. Keep the economy moving, government should **not** \_\_\_\_\_\_ in and \_\_\_\_\_\_\_\_\_\_\_\_\_\_ individuals! **Hoover Becomes President**. \_\_\_\_\_\_\_\_\_\_\_\_ and \_\_\_\_\_\_\_\_\_\_\_\_\_ are big factors that help him win. **Republicans keep control**. Hoover was the \_\_\_\_\_\_\_ Republican president in a row. He continued "\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_" economic philosophy. **The stock market rises and falls**. a. Stock Market- b. Bull Market- c. Speculate- d. Margin- 6. **How did the stock market crash?** Buying on Margin or \_\_\_\_\_\_\_\_ Buying**.** When banks/corporations buy \_\_\_\_\_\_\_\_\_\_\_ by making a small \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ and borrowing the rest (from the stock broker/ the bank). 7. Bull Market \_\_\_\_\_\_\_\_\_\_ the market begins to \_\_\_\_\_\_\_ and stocks bought on \_\_\_\_\_\_\_\_\_\_\_\_\_ cannot be \_\_\_\_\_\_\_\_\_\_ back. Everyone \_\_\_\_\_\_\_ stocks. 8. **The Spark of the Great Depression.** Prices \_\_\_\_\_\_\_\_, the \_\_\_\_\_\_\_\_\_\_\_\_\_\_ plummets! a. Black Thursday -- b. Black Tuesday -- 9. **Banks lose Billions.** Banks start \_\_\_\_\_\_\_\_ as people \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ all of the \$\$\$\$. \_\_\_\_\_\_ in \_\_\_\_\_\_\_\_\_ banks closed in 1932. 10. **Historians disagree as to the causes of the Great Depression. Most scholars would include:** a. b. c. d. e. f\. Over Production: 1) 2) 11. **The Great Depression Begins.** It was the longest, most \_\_\_\_\_\_\_\_\_ and the deepest depression in \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ history. It started in 1929 and lasted until the beginning of \_\_\_\_\_\_\_\_\_\_\_. 12. **Banks begin to fail.** Banks were the 1^st^ thing hit by the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ crash. A \_\_\_\_\_\_\_\_\_ run occurred when people fearing the bank would go \_\_\_\_\_\_\_\_\_\_\_\_\_, rushed to the bank to take out their money. **Bank Runs** led to the \_\_\_\_\_\_\_\_\_\_\_\_ of a bank because all of the banks \_\_\_\_\_\_\_\_\_\_\_\_ would be gone. 13. **How does Hoover respond to the Great Depression**? He asked employers not to \_\_\_\_\_\_ workers or lower their \_\_\_\_\_\_\_\_\_. He asked \_\_\_\_\_\_\_\_\_\_\_\_ leaders not to ask for \_\_\_\_\_\_\_\_\_\_\_\_ pay or to \_\_\_\_\_\_\_\_\_\_\_\_\_\_. 14. The Reconstruction Finance Corporations (RFC) was a gov't agency that gave \$\_\_\_ billion in aid to \_\_\_\_\_\_\_\_\_ and local governments. It's main purpose was to create \_\_\_\_\_\_\_\_ for \_\_\_\_\_\_\_\_\_\_\_\_\_\_ who wanted to work. 15. **Effects of the Depression.** A. **Jobless/Homeless** -- Jobless goes from \_\_\_\_ to \_\_\_ million. Houses are lost, people become \_\_\_\_\_\_\_\_\_\_\_\_\_\_. B. **Hatred for Hoover.** Hoover said it's not \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ job to fix the poor. People name poor places after Hoover. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ or shanty towns, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ /cars pulled by mules, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_(train kids) looking for jobs, \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_/newspapers used as blanket while traveling the rails by the homeless. 16. **Hoover Federalism.** Hoover believed that charities (churches) or \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ and local government, not \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ governments should provide food and shelter to people who were \_\_\_\_\_\_\_ or out of \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_. 17. Farmers burned \_\_\_\_\_\_\_\_\_\_\_\_\_ and dumped \_\_\_\_\_\_\_\_ rather than sell it for less than it cost them to \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ it. This was an effort to \_\_\_\_\_\_\_\_\_\_ the \_\_\_\_\_\_\_\_\_\_\_ of their products. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ supply = \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ demand. 18. **The Bonus Army** were veterans that had been promised \_\_\_\_\_\_\_\_\_\_ to make up for their poor wartime \_\_\_\_\_\_\_\_\_\_. Congress was about to \_\_\_\_\_\_\_\_ on a bill to give the vets their bonuses so they would not have to \_\_\_\_\_\_\_\_\_\_. At first, \_\_\_\_\_\_\_\_\_\_\_\_\_\_ sent the veterans food but after the bonus was voted down in Congress, Hoover told the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ to leave. About \_\_\_\_\_\_\_\_\_\_\_\_ stayed. Hoover ordered the army to use \_\_\_\_\_\_\_\_ to remove them. The U.S. Army used \_\_\_\_\_\_\_\_ gas on the U.S. war veterans. 19. **Hoover voted out!! Because:** Many people blamed Hoover for their \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ problems, the \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ debacle was the final blow. In the 1932 election, Hoover faced democrat\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ New York's governor. \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ wins in a landslide.