AMERICAN HISTORY Unit II – A Modern Nation CHAPTER 11 Test ReviewPut a + if you know it, ? if you might and Circle the item if you do not know it at all. Vocabulary Names Dates and Events Section 1- The Great Crash Stocks Shares Gross National Product Invest Specific Buying on Margin Section 1- The Great Crash Federal Reserve System Herbert Hoover Al Smith Section 1- The Great Crash Prosperity of the 1920’s What was the false sense of security (page 321) Election of 1928 Economic Weaknesses of the 1920’s Wealth Distribution Credit and the stock market- buying on margin Federal Reserve Crash of the Stock Market Black Thursday- Oct. 24, 1929 Black Monday- Oct. 28, 1929 Black Tuesday- Oct. 29, 1929 Effects of the Crash Impact on Individuals Banking Crisis GNP World Economy and high tariffs Business, Consumer spending and Layoffs Section 2 Americans Face Hard Times Hoboes Great Depression Asset Plight Foreclosure Hoovervilles Drought Dust Bowl Okies Section 3- Hoover as President Clause Associative state Cooperative Section 2 Americans Face Hard Times Woody Guthrie Section 3- Hoover as President Hoover Dam Hoover and rugged individualism Section 2 Americans Face Hard Times Bank Failures and runs on the bank Farm Failures Unemployment Hoovervilles and Hoboes and emotional toll Dust Bowl Where, when, why, and what did they do? Section 3- Hoover as President What did Hoover do to help?- rugged individualism What was the associative state? Voluntary Cooperation Direct Action of Hoover Reconstruction Finance Corporation Smoot-Hawley Tariff Bonus March Voters react to Hoover