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Mr. McCormack Big Idea Worksheet

US History II Study Guide

Central Dauphin High School

Chapter Fifteen – Crash and Depression (1929-1933)

Section One: The Stock Market Crash (p 508-512)

Most money was concentrated in a small percentage of the population who tended to __________ or __________ rather than __________. (p 512)

Industry produced more goods than __________ wanted or could afford. (p 512)

__________ and many __________ had not shared in the economic boom. (p 512)

__________ bought stocks with borrowed money and then pledged those stocks as __________ to buy more stocks. (p 512)

The Federal Reserve cut __________ in the 1920s to spur growth, but failed to spur growth in 1929. (p 512)

By 1929, many stock prices soared far above their real value in terms of the company’s __________. (p 509)

Although business and political leaders tried to reassure Americans, by __________ worried investors began to sell. (p 509)

October 29, 1929, known as __________, witnessed the single largest sell-off in stock market history. (p 509)

Overall losses totaled __________. (p 509)

Tracing the Market Crash: Use the data points on the chart below to answer the question that follows.

[pic]

How might an investor who purchased stock prior to 1928 react differently from someone who had purchased stock in 1929? ____________________________________________________________________________

Initially, the effects of the Crash were felt only by the _________ people who were heavily invested in the stock market. (p 509)

Explain each of the following statements about the “ripple effect” of the crash.

|Ripple Effect of the Crash (p 510) |

|Risky loans hurt banks | |

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|Consumer borrowing | |

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|Bank runs | |

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|Bank failures | |

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|Savings lost | |

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|Production cuts | |

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|Rise in unemployment | |

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|Further production cuts | |

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The results of the Great Crash were symptoms of a __________, which is marked by a falling output of _________ and __________. (p 511)

The Great Crash began the most severe economic downturn in American history, the _________, which lasted until 1941. (p 511)

By 1932, __________ people (about _________ of the labor force) were unemployed. (p 511)

Gross National Product decreased from _________ in 1929 to just __________ in 1933. (p 511)

Please draw a flow chart showing how the Great Crash reverberated through investors, businesses, banks, and the world economy: (p 510)

Mr. McCormack Big Idea Worksheet

US History II Study Guide

Central Dauphin High School

Chapter Fifteen – Crash and Depression (1929-1933)

Section Two: Social Effects of the Depression (p 513-518)

Homeless people sometimes built shanty towns that came to be called __________, mocking the President for inaction, or __________. (p 514)

Other homeless people drifted from place to place by ___________ or riding the __________. (p 514)

Farm families suffered from __________ that cut their income and prevented them from paying their ___________. When banks foreclosed, many farms were put up for __________. (p 514)

For many farmers, the Depression was made worse by an environmental tragedy that turned the Great Plains into the __________. (p 514)

This phenomenon resulted from a severe __________ and poor __________ practices. (p 515)

The most severe dust storms were known as __________. (p 515)

The severe weather persisted for _________. (p 515)

The combination of terrible __________ and low __________ for farm products caused about __________ of affected farmers to lose their farms. (p 515)

Many migrated to __________ to find work as farm laborers. (p 515)

As the Depression continued, it took a serious __________ and __________ toll on the nation. (p 515)

Please summarize some of the effects the Depression had on society.

|Social Strains of the Depression (p 515-517) |

|Impact on Health |Stresses on Families |Impact on Discrimination |

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Long after the economy recovered, many Depression survivors continued to act as if __________ was just around the corner. They pinched __________, avoided __________, and even stuffed money in __________ rather than trust it to __________. (p 520)

Mr. McCormack Big Idea Worksheet

US History II Study Guide

Central Dauphin High School

Chapter Fifteen – Crash and Depression (1929-1933)

Section Three: Surviving the Great Depression (p 520-523)

Throughout the country people pulled together to help each other. Tenant groups formed to protest __________ and __________. (p 520)

In some farm communities, local farmers met and secretly agreed to keep bids low during what came to be called __________. Buyers then __________ the farms and machinery to __________. (p 521)

Some states, including Iowa, passed laws suspending __________ on farms. (p 521)

Many young people left their homes either __________ or to __________. (p 521)

Young people riding the rails were vulnerable to many dangers, including __________, the possibility of __________, or even the threat of __________. (p 521)

These drifters came to be called __________. (p 521)

__________, an unemployed man from New Germantown, PA, created the board game __________ so that people could amuse themselves with the fantasy of wealth. (p 521)

As bad as things were, few Americans called for __________. This contrasted with __________. (p 522)

Radical reform movements included the __________ political party, which had about __________ members. Its candidate won over __________ votes in the 1932 election, while the less radical __________ party won __________ votes. (p 522)

People fought despair by _________, especially about President Hoover:

Hoover Blankets:_____________________________________________________________________

Hoover Flags:________________________________________________________________________

In February 1933 Congress passed the __________, ending __________. It was ratified that year. (p 522)

Some regretted the repeal, but most welcomed it as an end to a failed __________ and as a curb on __________ who profited from __________. (p 522)

Eight states continued to ban __________. (p 522)

For many, a dramatic symbol of hope was the new __________, the world’s tallest building (at that time). It was developed by __________ at the cost of about __________. (p 523)

By the mid-1930s, symbols of the __________ had mostly faded. __________ was sent to prison. President __________ died. Baseball legend __________ retired. Industrialist __________ was vilified by organized labor. Aviator __________ suffered personal loss when his son was kidnapped and murdered. (p 523)

Mr. McCormack Big Idea Worksheet

US History II Study Guide

Chapter Fifteen – Crash and Depression (1929-1933)

Section Four: The Election of 1932 (p 524-529)

For a few months after the stock market crash, Hoover insisted the key to _________ was __________. (p 524)

Hoover blamed the Depression on __________ economic conditions beyond ____________. (p 525)

He believed that __________ controls by __________ were the best way out of the crisis. (p 525)

In spite of a promise to the contrary, many firms quietly cut _________. (p 525)

After a year of misery, the public began to blame him and _________ for the crisis. (p 525)

Even before the Depression, Hoover passed the __________ to create a _________ and stabilize the prices of _________. The program ___________ at the cost of _________ million dollars. (p 525)

After __________ seats in the 1930 elections, Hoover spent more on _________, __________, __________, and __________. (p 525)

In 1930, Congress passed the _________ to protect domestic industry, but it backfired when _________ raised _________. (p 525)

In 1932, Hoover set up the _________ to give __________ to large industries, railroads, insurance companies, and banks. (p 525)

To many people, it seemed the government was helping _________ while _________ went hungry. (p 526)

In spite of several programs, Hoover insisted that _________ and __________ should handle relief. (p 526)

As the Depression deepened, some economists backed the idea of _________, who argued that _________ could help a collapsing economy and encourage more ________ spending and production. (p 526)

A low point for Hoover came when ________, known as the _________, encamped in Washington DC to demand the immediate payment of a _________ that had been promised for _________. (p 527)

A few violent incidents prompted Hoover to call in the _________ which, under the command of __________, drove the protesters out of Washington DC. (p 527)

Campaigning for president, Franklin Delano Roosevelt pledged himself to a _________ for the American people at the 1932 Democratic convention. (p 527)

What was FDR’s political background? (p 527) ____________________________________________

__________________________________________________________________________________

What was Eleanor Roosevelt’s political background? (p 527) _________________________________

__________________________________________________________________________________

Unlike Hoover, FDR was ready to experiment with _________. (p 528)

The campaign was more than a contest between candidates; it was a contest between two _________. (p 528)

Many Americans did not support Roosevelt because of his ________ as much as they opposed Hoover because he had been ________. (p 528)

FDR won by a margin of ________ votes, especially with support from _________, __________, and _________. (p 529)

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