A Farming communities would use this to purchase property back from the bank and
give it back to the original owner.
B The practice of making high-risk investments in hopes of getting a huge return.
C The Great Crash led to millions of people suffering from this in the U.S.
E The highest import tax in the history of the United States passed in 1930.
D Used to describe the central and southern Great Plains in the 1930s due to its dry
conditions, forcing farmers to move to California in search of work.
Group of World War I veterans who wanted their bonus pensions early promised to them in 1945. They were driven out of Washington DC. under President Hoover's orders to send in troops to destroy their shacks
Shanty towns that were built during the Great Depression.
What was the general attitude of Americans in the 1920s in regards to business and the economy?
The economy would continue to prosper
Why did thousands of American banks close after the stock market crashed?
They could not pay deposits back to everyone
How were European economies affected during the Depression?
Very negative effect…many farmers lost their farms to foreclosures
Compare and contrast President Herbert Hoover and Franklin Roosevelt. Be sure to include each man’s viewpoint of how to get America out of the Depression and how successful it was or was not. Provide specific examples from class.
Believed that federal government should not try to fix people’s problems.
Argued that federal aid and government policies to help the poor would alter the foundation of our national life.
He argued for voluntary aid to help the poor and argued against giving the national government more power.
Hoover gave very few campaign speeches and was jeered by crowds.
Believed that government had a responsibility to help people in need.
Called for a reappraisal of values and more controls on big business.
Helped many Americans reassess the importance of “making it on their own” without any help.