| Term | Definition |
|---|
| too much | consumers bought _______ on credit |
| interest rates down | government encourages this thinking to keep ___________________________ |
| this would hurt the economy | economy experts warned ________________ |
| nobody | Who listened to the economy experts? |
| stock market | the ____________ is a place where stocks are bought and sold |
| stock | is an ownership of a company, it's sold in shares |
| good | company does ____ stock goes up |
| bad | company does ___ stocks go down, shares go down |
| playing the market | many people are __________________ |
| bull market | stock prices go up is called... |
| margin buying | people were buying shares on credit |
| inflation | this caused an increase in |
| black thursday | October 24, 1929 |
| shares | large numbers of investors sold their _______ |
| panic | this caused a _____ and everyone sold their shares |
| bear market | prices went down |
| black tuesday | October 29, 1929 |
| low | stock market prices at all time ___ |
| money | bankers called people who owed them _____ (time to pay up) |
| sell stocks | people forced to ___________ at lower prices than they bought them |
| depression | deep economic downrun gripping the US from 1929 until World War 2 |
| loans | people couldn't pay their _____ |
| cash | with no ____ the banks closed |
| everybody's money in the bank was gone | when a bank closed, ___________________________ |
| layoffs | stock market, nobody buying, _______ |
| gross national product | total amount of goods and services produced in a year (fell in the 1930s) |
| 1932 | 25% of US is unemployed in ____ |
| massive war debts | caused all countries to be economically depressed |
| nobody | ______ was buying US goods (hurt US) |
| Smoot Hawley Tariff | US increased tariffs |
| 1% | __ of the very rich owned 63% of the nations money |
| poor people | ____ ______ couldn't pay debts |
| 25% | ___ of americans workforce employed |
| shortened | many companies _________ the hours or days of their employees |
| lowered | immigration was _______ |
| african americans | most of ________________ unemployed |
| women | _____ increased employment (paid less) |
| apples | many sold ______ to make ends meet |
| another | people helped one _______ |
| mexican americans | formed mutualistas(communities) |
| rent parties | admission fee would help pay someone's rent |
| breadlines | many went in __________ for free handout of food |
| shantytowns | those who couldn't pay rent forced to live in ___________ (makeshift houses) AKA Hooverville |
| foreclosure | bank takes property because you didn't pay your loan |
| farms | many _____ were auctioned |
| low | neighbors woud bid ___ to keep price down |
| pay | farmers would ___ their neighbor back |
| marrage | rate decreased |
| mothers | _______ hit the hardest |
| rates | suicide _____ |
| americans | middle/upper _________ hit the hardest |
| ashamed | many felt _______ |
| financially | generation desired ___________ stability and material comforts |
| movies | walt disney, gangster |
| radio | doubled in the 30s, lone ranger, little orphan annie |
| literature | comics: flash gordon, tarzan, readers digest. popular novels: lost horizon, the sound and the fury |
| 10 | __ year drought/wind storm in the midwest |
| causes | over planting and drought |
| california | many migrants left to __________ (Oakies) |
| woodie guthrie | wrote songs about the time |
| john steinbeck | writer of the depression era (grapes of wrath) |
Combine with other sets
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