History: Open Ended Questions to Study for Chapters 21 and 24

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Author:
LaurenCamp29
ID:
265352
Filename:
History: Open Ended Questions to Study for Chapters 21 and 24
Updated:
2014-03-06 14:59:17
Tags:
history phelan markingperiodthree jun chapters 21 24
Folders:
Junior History
Description:
history to study for part 2 of test
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  1. What did every single New Deal program provide? Describe it.
    (4)
    • 1. Created jobs which
    • 2. Built America by making buildings and if they have jobs then the government
    • 3. Gives people money and if they don't have a job then the government gives
    • 4. Give Loans
  2. Who was the Dust Bowl?
    • Oklahoma
    • Kansas
    • Colorado
    • New Mexico
    • Texas
  3. Describe the Dust Bowl?
    • The Great Plains had entered a severe drought 
    • The ground became dried up and infertile
    • When the wind would pick up there would be a huge dust storm.
  4. Where did farmers affected by the Dust Bowl move?
    What were they called and why?
    • California
    • Oakies
    • After the state of Oklahoma
  5. Why was insulting to be called an Okie?
    Because not everyone was from Oklahoma
  6. What were the effects of the crash on these individuals?:
    Banks
    (3)
    • Scared people into withdrawing all their $ and the banks ran out
    • Banks lost $ also due to the Stock Market because they had so much $ invested in it
    • 350 banks went out of business
  7. What were the effects of the crash on these individuals?:
    Businesses
    (2)
    • Businesses were unable to grow because banks had no more $ to lend 
    • Consumers stopped buying as much, so businesses were forced to lay off workers and cut pay.
  8. What were the effects of the crash on these individuals?:
    Overseas
    (2)
    • American banks were unable to import products to the Europeans  who were still trying to recover from WWI
    • Foreign businesses were unable to import products because Americans weren't spending anymore
  9. What was the Bonus March and why did it happen?
    A group of WWI veterans on strike in Washington D.C. to get their bonus check that they were promised by the government, sooner because they were lives were in jeopardy.
  10. How did the Bonus March end?
    The U.S. Army chased them away and now people felt even more negatively about Hoover
  11. Explain the stock market.
    How do you make money?
    Lose money?
    When you invest in a company by buying a stock. Company's sell ownership licenses for a certain amount of money. 

    When the company makes money then so does the stock owner when they sell their stock.

    When the company loses money then so does the stock owner when they sell their stock.
  12. Describe the distribution of income during the 1920's?
    (2)
    • 5% of the workers received 70% of the country's income. 
    • 95% of workers received 30%
  13. What is buying on margin?
    When you get a loan from a stock broker to buy stocks so that you put out less money. It's half of your money and half your stock broker's money.
  14. How did the Federal Reserve System feel about buying on margin?
    They didn't like it because if the stock market ever went down then people would lose a lot of money and then they would owe everyone a lot of money.
  15. How much did the Stock Market lose on Black Tuesday?
    $16 billion
  16. Why was Tuesday October 29th, 1929 known as Black Tuesday?
    The Stock Market Crashed
  17. Describe why the stock market crashed?
    Investors sold all their stocks all at once which lowered their value and nobody wanted to buy the newly sold stocks.
  18. What were the four major provisions of the Social Security Act?
    • Unemployment insurance (fired/laid off)
    • Pensions for retired workers
    • Disabled 
    • Worker's comp (if you get hurt on the job)
  19. *What is the famous quote from FDR's inaugural address and what did it mean?
    • The only thing we have to fear is fear itself"
    • To make people feel more optimistic about the future. He was basically just trying to let them know that he would help them through this tough time.

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