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AP United States History: The Great Depression Webquest
Terms in this set (22)
During what years did the Great Depression occur?
Ten year window
Explain what was occurring related to consumer spending and stock prices in the summer in 1929.
People's spending turned into scared spending. They were so scared that everyone stopped buying
-Peoples spending went down while stock prices went up...manipulation within stocks
On October 24, 1929, _____, as investors began dumping shares en masse. A record 12.9 million shares were traded that day, known as "_____." Five days later, on "_____" some 16 millions shares were traded after another wave of panic swept wall Street. Millions of shares ended up being _____, and those investors who had bought stocks " _____" (with borrowed money) were wiped out completely.
The stock market crashed; Black Thursday; October 29; Millions of shares ended up worthless and those investors who had bought stocks "on margin" (with borrowed money) were wiped out completely
Explain what happened after the stock market crash of 1929.
The down turn in spending and investment led factories and other business to slow down production and begin firing their workers.
Those who stayed employed, wages fell and buying power decreased.
What helped to spread the economic crisis of the Great Depression from the United States to the rest of the world?
Who was the United States President in the early years of the Great Depression from the United States to the rest of the world?
How many Americans could not find work in 1930? 1921?
4 Million; 6 Million
How did the Great Depression affect the United States's industrial production?
Dropped by half
_____ became more and more coming in America's towns and cities. Farmers (who had been struggling with their own economic depression for much of the 1920s due to drought and falling food prices)
Bread lines, soup kitchens, rising number of homeless people
what began the fall of 1930?
The first four waves of banking panics began
-Investors demanded loans in cash
Explain what is meant by a "bank run" and how it would have impacted the United States during the Great Depression.
Everyone goes and gets their money
Banks closed their doors
How did president Hoover try to help banks during the crisis?
Tried supporting failing banks and other institutions with government loans.
What percentage of Americans were unemployed in 1932?
20% of the U.S. population at the time
Who become President after Hoover?
Franklin D. Roosevelt
Explain how Hoover and Roosevelt differed in their views of the government's role in the economy.
Franklin D. Roosevelt took immediate action.
He began addressing public directly, gave calm enthusiasm
Hoover allowed what happens, happen
How did Roosevelt make Americans feel about the crisis of the Great Depression?
He restored public's confidence
Roosevelt took immediate action to address the country's economic woes, first announcing _____.
He also began addressing the public directly over the radio in series of talks, and these so called "_____," went a long way towards restoring public confidence.
four-day "Bank holiday" during which bank would close so congress could pass reform legislation and reopened kitchen; Fireside chats
What did Roosevelt's administration do in the first 100 days?
Passed legislation that aimed to stabilize industrial and agricultural production, create jobs, and stimulate recovery
What was the Tennessee Valley Authority?
Built dams to control flooding and produced electricity
Explain how the hardships of the Great Depression fueled extremist political movements.
Passed Social Security Act
What ultimately caused American industrial production to increase?
Federal Reserve's decision to increase its requirements for money in reserve
What is the legacy of the Great Depression?
Fueled the rise of extremist political movements in carious European countries
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