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Description
Flashcards by missweisz7, updated more than 1 year ago
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Created by missweisz7
over 9 years ago
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| Question | Answer |
| Causes of the Great Depression include | 1. stock market crash 2. Excess use of credit-buying on margin 3. decline in farm prosperity 4. overproduction and underconsumption 5. uneven distribution of income 6. shrinking international trade 7. banking is unregulated |
| Hoovervilles | nickname given to poor communities |
| Hoover | president at the time of the Great Depression |
| Trickle Down Economics | belief that economic growth depends on making increased amounts of capital-money available to big businesses |
| Bonus Army | World War One veterans (people who served in the army) protest to be paid for their services. Hoovers response to the Bonus Army caused him not to be reelected. |
| Republican Presidents (Coolidge, Hoover) | Don't believe in giving people services because they believe it'll destroy individual initiative. |
| Individual initiative | Peoples motivation to make money |
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