The Great Depression Questions & Answers(RATED A)

Great Depression -ANSWER () The dramatic decline in the world's economy due to the United State's stock market crash of 1929, the overproduction of goods from World War I, and decline in the need for raw materials from non industrialized nations. Results in millions of people losing their jobs as banks and businesses closed around the world. Many people were reduced to homelessness, and had to rely on government sponsored soup kitchens to eat. World trade also declined as many countries imposed protective tariffs in an attempt to restore their economies. Stock Market -ANSWER A general term used to describe all transactions involving the buying and selling of stock shares issued by a company. Black Tuesday -ANSWER October 29, 1929; date of the worst stock-market crash in American history and beginning of the Great Depression. Bonus Army -ANSWER 1932 - Facing the financial crisis of the Depression, WW I veterans tried to pressure Congress to pay them their retirement bonuses early. Congress considered a bill authorizing immediate assurance of $2.4 billion, but it was not approved. Angry veterans marched on Washington, D.C., and Hoover called in the army to get the veterans out of there.