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Great Depression flashcards
Karten in diesem Stapel (7)
- 1Causes of the Great Depression include1. 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 - 2Hoovervillesnickname given to poor communities
- 3Hooverpresident at the time of the Great Depression
- 4Trickle Down Economicsbelief that economic growth depends on making increased amounts of capital-money available to big businesses
- 5Bonus ArmyWorld 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. - 6Republican Presidents (Coolidge, Hoover)Don't believe in giving people services because they believe it'll destroy individual initiative.
- 7Individual initiativePeoples motivation to make money
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- Karteikarten am Great Depression flashcards, erstellt von missweisz7 am 15/01/2015.
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