Which of the following are serious problems that threatened the economy as the 1920s advanced? (pick 3)
INDUSTRIES IN TROUBLE
Which of the following statements best explains why American industries were in trouble?
FARMERS NEED A LIFT
What problems did farmers face during the 1920s?
LIVING ON CREDIT
What does it mean to buy something on credit?
Who won the presidential election of 1928?
THE ELECTION OF 1928
“We were challenged with a peace-time choice between the American system of rugged individualism and a European philosophy of diametrically opposed doctrines—doctrines of paternalism and state socialism. The acceptance of these ideas would have meant the destruction of self-government through centralization of government. It would have meant the undermining of the individual initiative and enterprise through which our people have grown to unparalleled greatness.”
– Herbert Hoover, from a campaign speech, October 22, 1928
Does Hoover take a positive or negative view of "paternalism," "state socialism," and "centralization of government" in this quote?
THE ELECTION OF 1928
“We were challenged with a peace-time choice between the American system of rugged individualism and a European philosophy of diametrically opposed doctrines—doctrines of paternalism and state socialism. The acceptance of these ideas would have meant the destruction of self-government through centralization of government. It would have meant the undermining of the individual initiative and enterprise through which our people have grown to unparalleled greatness.”
– Herbert Hoover, from a campaign speech, October 22, 1928
What qualities does Hoover believe characterize the American system of government?
(pick 3)
THE ELECTION OF 1928
“We were challenged with a peace-time choice between the American system of rugged individualism and a European philosophy of diametrically opposed doctrines—doctrines of paternalism and state socialism. The acceptance of these ideas would have meant the destruction of self-government through centralization of government. It would have meant the undermining of the individual initiative and enterprise through which our people have grown to unparalleled greatness.”
– Herbert Hoover, from a campaign speech, October 22, 1928
The attitude Hoover expresses here aligns most closely with which of the following economic policies?
DREAMS OF RICHES IN THE STOCK MARKET
When a person buys stock in a company, what are they getting?
DREAMS OF RICHES IN THE STOCK MARKET
Based on the definitions of "speculation" and "buying on margin", what might it mean to "speculate on margin?"
DREAMS OF RICHES IN THE STOCK MARKET
Why might it be a bad idea to speculate on margin?
If people begin selling their stocks and pulling out of companies, what will happen to those companies?
What will happen to the employees of a company that has failed?
People borrowed money to invest in the stock market. Now the stock market has crashed and all of the businesses are failing. Which of the following are problems that will result from this? (pick 2)
The 1929 Stock Market crash is considered the beginning of what major historical period?
The Great Depression took place during which of the following time periods?
WORLDWIDE SHOCKWAVES
____________________________________ affected by the Great Depression.
CAUSES OF THE GREAT DEPRESSION
Which of the following factors contributed to the Great Depression? (pick 3)
Which of the following concepts were discussed in this lesson?
Write a brief summary of this lesson