Upgrade to remove ads
Only $35.99/year

Capter to evolvion aso fin w, y, an period

Terms in this set (18)

In 1929 the United States produced goods and services worth $_______ billion. In 1932 output dropped to $_______ billion.
108`58
What caused the collapse? The market crash was one_____. It was not, however, the only cause of the Depression.
...
Some experts saw problems in the _______in the early 1920's. Farm income, for instance, ______throughout the decade.
...
Later in the decade, factories were turning out more goods than people could______.
buy
Another warning sign was the growing _____between rich people and everyone else.
gap
_________money fueled much of the 1920's.
borrowed
Farmers bought_____, equipment, and _______by borrowing money. Consumers borrowed to buy_____. Investors borrowed to buy______.
land`supplies`cars`stock
Small banks suffered when farmers_________, or failed to meet loan payments. Large banks, which owned stocks, suffered huge losses in the_________.
defaulted `crash
When the banks_________, millions of people lost money. The ________they had put in these banks were gone.
closed`money
In 1930 congress passed the Hawley-Smoot______. A tariff is a tax on imported goods.
tariff
The Hawley-Smoot Tariff _______the prices of goods purchased from other countries.
taxed
Foreigne countries responded by _______their own tariffs on American products.
raising
By 1932 about ______percent of American workers were out of work.
2
People waited for _____to get a slice of bread, a cup of coffee, or a bowl of soup from _______ ________.
hours`soup kitchens
Homeless people gathered to live in makeshift villages known as________. This name was a sarcastic reference to president Hoover.
hoovervilles
President Hoover thought the economic crisis was________.
temporary
He also believed that the "depression cannot be cured by _______action or _______pronouncement".
legislative`executive
Hoover at last saw that the federal government must take______. Pressed by congress, he agreed in 1931 to federal spending on ______ _______- projects such as highways, parks, and libraries ment for the public to use.
action,
Other sets by this creator