The Great Depression Test Questions and Answers 100% Correct(SCORED A+)

credit - ANSWER-an arrangement in which consumers agreed to buy now and pay later for purchases speculation - ANSWER-buying stocks and ignoring the risk because of a rising market buying on margin - ANSWER-paying a small percentage of a stock's price as a down payment and borrowing the rest Black Tuesday - ANSWER-October 29, 1929; date of the worst stock-market crash in American history and beginning of the Great Depression. Dow Jones Industrial Average - ANSWER-Measure of average of stock prices of major industries Great Depression - ANSWER-the period from 1929 to 1940 in which the economy plummeted and unemployment skyrocketed Dust Bowl - ANSWER-Region of the Great Plains that experienced a drought in 1930 lasting for a decade, leaving many farmers without work or substantial wages. Direct Relief - ANSWER-cash payments or food provided by the government to the poor herbert hoover - ANSWER-republican president during great depression who tried to reassure americans to stay optimistic and go about their business as usual Bonus Army - ANSWER-Group of WWI vets that demanded the immediate payment of their government war bonuses in cash; called themselves the bonus expeditionary force what government ideas, policies, and actions of the 1920s set the stage for the great depression - ANSWER-federal govrnment's laissez- faire economic policies, taxes, Americans building up personal debt how did what happened to farmers during the 1920s foreshadow events of the great depression - ANSWER-Farmers planted more and took out loans for land and equipment hoping for a good payout when the crop prices declined and farmers lost land. what argument was president hoover making about government in the excerpt from the "rugge