Chapter 22: The Great Depression Begins
Read pages 668 to 690. Answer the questions.
Section 1: The Nation’s Sick Economy
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What did Gordon Parks think of the stock market crash?
How did the struggles of farmers and consumers signal the beginning of the end of prosperity?
What is superficial prosperity?
Why were major industries barely making a profit by the end of the 1920s?
Why was the farmer at all time high in productivity but an all time low in profits?
How did Congress try to help the farmers?
Why did President Coolidge veto the McNary Haugen Bill?
Why did Americans have less disposable cash to spend?
Why were many Americans living on credit?
What is dangerous about this?
What were the startling statistics about the income gap between the rich and the poor?
Who won the election of 1928?
Al Smith was smart, popular, effective, but he lost the election. Why?
What is the Dow Jones Industrial Average?
How could buying stock lead to profits for everyday Americans?
What is speculation?
What is buying on the margin?
How did they lead the US stock market to ruin?
What happened on October 29th, 1929?
What is the nickname of this day?
How much wealth disappeared in the stock collapse?
How did the panic in the stock market impact the banks?
How many banks closed by 1933?
Why would bank failures hurt the economy even more?
How did this Great Depression impact the nations of the world?
What was the Hawley Smoot Tariff?
How did this contribute to more unemployment around the world?
What are the 4 chief causes of the Great Depression?
Section 2: Hardship and Suffering During the Depression
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How did Ann Marie describe the Dust Bowl?
What were shantytowns?
How did the charity groups in the cities feed the homeless?
Which minority groups were hit the hardest by the depression?
How many farms were foreclosed in the depression?
How did overfarming and drought destroy the Great Plains?
Where did the survivors of the Dust Bowl go to?
What was their nickname?
How did the depression destroy the American family?
What is direct relief?
What was the only way for the unemployed to get by?
Why were married women unemployable during the depression?
How did the Depression impact children?
What did the “wild boys” of the railways have to endure?
What were the long term social and psychological effects of the depression?
Section 3: Hoover Struggles with the Depression
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What promise did President Hoover make to Americans in the election of 1928?
At first, what did President Hoover tell Americans as the stock market collapsed?
What was Hoover’s Philosophy during the depression?
Why were Americans upset with Hoover?
AS the Depression became worse what did Hoover do about it?
How did the construction of Boulder Dam help ease the depression?
Why did Democrats make a huge comeback in the 1930 Congressional elections?
Why did Hoover change his mind and get the government involved in helping the suffering during the
depression?
What was the Federal Home Loan Bank Act?
What was the Reconstruction Finance Corporation?
Why were these good intended relief programs a failure?
What did the Bonus Army march for?
How did the government respond to the marching vets of WWI?