From 1920-1929, the income of top 1% of earners rose by
40%
75%
85%
65%
What were some of the poor agricultural practices that contributed to the damage caused by the Dust Bowl?
Over use & over grazing No crop rotation No soil conservation No wind breaks Loss of natural grasses and animals Climatic change – the drought of the 30’s
What happened on Black Tuesday?
The market lost 14 billion dollars.
What was the New Deal?
Series of laws, programs, and government departments enacted by the Franklin Roosevelt administration in hopes of ending the Great Depression.
What percentage of Americans were farmers in the 1930s?
25%
30
15
20%
Why did Americans blame Herbert Hoover for the problems of the Great Depression?
His policy did not help people and the people did not believe he was willing to provide Americans with the relief necessary.
How many new government offices in ancient sheets did the New Deal create?
100 new government offices and 40 new agencies.
What were some of the main foods that were rationed during the Great Depression?
Sugar, coffee, meat, fish, butter, eggs, and cheese
What led to the Great Depression?
Crash of the stock market, bank failures, Drought Conditions, overproduction of goods, and consumer debt.
How did the Dust Bowl affect people?
The Midwest suffer from a drought during the Great Depression where the soil did not allowed Farmers to grow their crops due to the soil drying out and becomi
How long did the Great Depression last?
1929 to 1939
Who were the presidents during the Great Depression?
Herbert Hoover and Franklin D Roosevelt
What ended the Great Depression?
1. World War II help the economy of the United States of America.
2. Rationing
3. Recruited six million defense workers
What were some consequences that Mexican Americans faced during the Great Depression?
They were deported to Mexico.
How did the concept of buying on credit contribute to the Great Depression?
When people lost jobs and businesses, they could not longer pay off debt.
The average family income dropped by how much?
40%
What does "buying stocks on margin" mean?
Buyer, believing the price of stock will rise, pays only part of the cost of the stock. If the price goes down.....trouble!
What happened on October 1929 on Wall Street?
Investors started selling their stocks and in a panic but nobody was buying them
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