American History 9 (Phelps) Name _________________________________ Period ______ Chapter 14 Reading Guide Section 14.1 (Part 1) Pgs. 464-467 1. In the 1920s, which industries were not very profitable? _____________________ __________________________________________________________________ 2. How do price supports for farmers work? ________________________________ __________________________________________________________________ 3. Why was buying stuff on credit potentially a bad idea for many consumers/ farmers? __________________________________________________________________ __________________________________________________________________ 4. Between 1920 to 1929, The income of the wealthiest 1 percent went up ______ % compared with a _______ % increase for the rest of the population. More than _______ % lived on an income near the minimum needed for a decent living. 5. Compare the backgrounds of Herbert Hoover and his 1928 opponent, Al Smith. _____________________________________________________________________ _____________________________________________________________________ 6. What is the purpose of the Dow Jones Industrial Average? ___________________ __________________________________________________________________ Section 14.1 (Part 2) Pgs. 467-471 7. What did many shareholders (investors) do on Black Tuesday (Oct. 29, 1929)? __________________________________________________________________ __________________________________________________________________ 8. After the stock market crash, what did many people try to do? ________________ __________________________________________________________________ 9. What happened to over 40% of banks between 1929 and 1933? _______________ __________________________________________________________________ 10. Hawley-Smoot Tariff Act: ____________________________________________ __________________________________________________________________ 11. How did many countries respond to the Hawley-Smoot Tariff? _______________ __________________________________________________________________ American History 9 (Phelps) Name _________________________________ Period ______ 12. Four factors that are blamed as the cause of the Great Depression: a. __________________________________________________ b. __________________________________________________ c. __________________________________________________ d. __________________________________________________ Section 14.2 Pgs. 472-477 13. Shantytowns: ______________________________________________________ __________________________________________________________________ 14. Describe conditions for African Americans and Latinos during the Great Depression _____________________________________________________________________ _____________________________________________________________________ 15. What farming practice of the 1920s lead to the Dust Bowl conditions? __________________________________________________________________ If a farm family left its home where did it typically go? ________________________ 16. Direct payments/direct relief: ____________________________________________ __________________________________________________________________ Section 14.3 Pgs. 478-483 17. Why was Hoover opposed to direct relief (“handouts”) to the poor? ____________ __________________________________________________________________ 18. Were Hoover’s early steps at handling the Depression effective? ______________ 19. What did the “Bonus Army” of 1932 want? ________________________________ __________________________________________________________________ 20. What did the military do to the 2,000 Bonus Army members who refused to leave Washington D.C.?: __________________________________________________