| A | B | C | D | E |
|---|---|---|---|---|
100What is easy credit?
businesses boomed in the 1920s because of this
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100What is modern advertising?
in the 1920s this increased consumer demand for products
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100What is an installment plan?
instead of paying the full price of the goods at the time of purchase, they paid only a small monthly payment
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100What are stock dividends?
earnings on stocks
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100What is the New York Stock Exchange?
place where people bought and sold stocks
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200What is speculation?
risky investments for the chance of making a quick profit
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200What is credit?
Stocks, like consumer goods, could also be bought on this
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200What is "on margin"?
by paying as little as 10 percent of the price of stock in cash, people could hold stock on this
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200What is Black Tuesday?
on October 29, 1929, the bottom fell out of the stock market
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200What is $30 billion dollars?
Investors lost this much in 3 weeks
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300What is the stock market crash?
this effectively shut off the supply of credit that had sustained the economic boom
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300What is 4,000?
this many banks failed between 1929 and 1932
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300What were the worst years of the Depression?
1932-1933
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300What is the Depression?
1 in every 4 workers---13 million--were out of work
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300What are (1) the desire of a few to get rich quick (2) the widespread practice of buying goods on credit (3) government interference in the free market economy
3 reasons why the Great Depression was so severe (bad)
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400Who was Herbert Hoover?
was called the Great Humanitarian
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400What is supervised the vast relief of millions in Europe?
Hurbert Hoover did this after World War I
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400What are hobos?
they abandoned their family responsibilities and rode freight trains from town to town
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400What was the Dust Bowl?
a severe drought that hit the Great Plains in 1930
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400What is the American Red Cross?
a private charity that provided relief for many farm families
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500What is The Grapes of Wrath?
John Steinbeck wrote this
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500What is socialism?
some people wanted to create an imaginary crisis in order to move the country towards this
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500What was the "New Deal"?
Franklin Roosevelt's plan for economic recovery in the U.S.
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