THE GREAT DEPRESSION BEGINS
Chapter 21, Section 1 Note Guide
1. Why did the economy appear strong throughout much of the 1920s?
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2. Why did the stock market reinforce American’s optimism?
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3. Why did many Americans perceive Hoover as a strong, compelling candidate for president.
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4. Why did Hoover appear oblivious to the impending financial crisis?
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5. What were the underlying economic weaknesses during the 1920s?
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6. Describe “buying on margin.”
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7. What did the Federal Reserve attempt to do about it? Did it work?
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8. Describe the stock market crash.
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9. How were individuals affected by the crash?
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10. How were banks and other businesses affected by the crash?
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THE GREAT DEPRESSION BEGINS
Chapter 21, Section 2 Note Guide
1. What is a “run” on a bank? What would often result from a run. . . why? How could accountholders be impacted by runs?
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2. What was perhaps the most glaring impact of the Crash beyond runs and bank failures?
3. How did Americans attempt to survive their hardships?
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4. Describe the emotional impact of the Depression on Americans.
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5. Describe the hardship of farmers as a result of the Depression.
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THE GREAT DEPRESSION BEGINS
Chapter 21, Section 3 Note Guide
1. What was Hoover’s philosophy on the role of government?
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2. What was Hoover’s so called “associative state?”
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3. Give an example of the associative state.
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4. What did Hoover urge businesses not to do following the Crash?
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5. How did most respond?
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6. What did Hoover then help to create?
7. What was this intended to accomplish?
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8. How did Americans feel about the RFC?
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9. What was the purpose of the Smoot Hawley Tariff?
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10. Did it help?
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11. Why did people start to question Hoover’s credibility/sanity/compassion?
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12. How did voters judge Hoover’s presidency in November 1932?
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