Nedelcoff Great Depression Test - Set 1
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Created by:
julesjossart on May 10, 2011
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24 terms
Terms | Definitions |
|---|---|
 Years of the Great Depression | 1929 -1939 or 1930's |
| During the 1920s, how did people feel about saving money and the flow of money? | Saving money was not a priority because people thought that the flow of money would never end. |
| True or False - During the 1920s, money from big business and the rich flowed or filtered to the poor. | False, money did not trickle |
| True or False - The Great Depression was President Hoover's fault. | False - the depression was not Hoover's fault; he did not do anything to help the country |
| Did Hoover have a plan to help the country out of the depression? | No, he had no plan or no direction to help the people; thought the economy would just fix itself |
| The Great Depression affected all countries in the world except _____________________, because ???? | Soviet Union because their government was communist meaning the government controlled the economy |
| What caused the Black Blizzards or the Dust Bowl in the west? | 1) severe drought 2) high winds 3) overuse of land (stripped the land of vegetation that would hold down the soil) |
| Many farmers left their land and headed to ___. | California |
| Define Buying on the Margin. | Borrowing money to invest in the stock market; people invested a percent of their own money and a percent of borrowed money. Lost money that wasn't theirs when the banks failed. |
| Name 3 causes of the Great Depression | 1) Overproduction due to overconfidence in demand 2) Trusts and monopolies - 200 companies controlled the stock market so no competition 3) High tariffs |
| How did overproduction contribute to the cause of the Great Depression? | Companies made too many products because they were overconfident in demand. With too many products, prices dropped significantly. |
| How did high tariffs contribute to the cause of the Great Depression? | High taxes on imported goods discouraged international trade so countries did not have a big enough market of people to buy their products. |
| List 6 effects of the Great Depression: | 1) food or soup lines 2) 1 in 4 people unemployed (25%) 3) scapegoats (people blamed for depression) caused an increase in discrimination 4) families split; men abandoned families due to shame 5) farming crushed 6) banks closed; 9 million savings accounts gone |
| What was a symbol of how desperate the times were for people in meeting their basic needs? | Soup or food lines |
| What was the symbolism of the picture of the man selling apples for 5 cents? | times were desperate |
| What are Hoovervilles? | Many people lost their homes so lived in shacks in shanty towns on their edge of towns |
| Which group was the first hit by the depression? | Farmers |
| True or False - Unemployment during the depression was the highest ever. | True - 25% |
| What was the impact of the depression on African Americans? | 1) scapegoats for unemployment (people blamed the African Americans for taking their jobs) so discrimination increased 2) already struggled economically so got worse with the depression |
| Worldwide, why was there a rise in dictators? | Countries needed a strong central government to get out of the depression. Dictators were able to take over because citizens were focused on survival. |
| What did dictators do for their countries? | gave people jobs |
| Name four dictators that gained power during this era. | Hitler (Germany) Stalin (Soviet Union) Mussolini (Italy) Hirohito (Japan) |
| Which country was most affected by the Depression? | Germany (still recovering from losses from WWI) |
| What types of jobs did Hitler give to the people of Germany? | Jobs in the military or making military goods because Hitler's plan was to build Germany's military |
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