Crash and Depression ( ) While the American economy continued growing during the 1920s, there were signs that the good times might not last.
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1 Crash and Depression ( ) SECTION 1 THE ECONOMY IN THE LATE 1920S THE BIG I DEA While the American economy continued growing during the 1920s, there were signs that the good times might not last. GRAPHIC SUMMARY: Income Distribution, 1929,,,,,,,,, Chapter 22 Survey Edition 95
2 NAME CLASS DATE any The new ntion emphasis on ericans made factories dur t of radio age wildly productive. ions across Comsumers reveling in nd the world modern lifestyle, floc altered the to buy many differ histor products from mixer to autom Many who w GUIDED READING AND REVIEW SECTION 1 The Economy in the Late 1920s A. AS YOU READ As you read Section 1, draw a line through the term or name in each group that is not related to the others. Explain how the remaining terms or names are related. 1. rising stock values rising wages overproduction low unemployment 2. Bruce Barton Belle Moskowitz Herbert Hoover John J. Raskob 3. welfare capitalism credit buying speculation get-rich-quick attitude 4. McNary-Haugen bill prosperity low crop prices rural bank failures 5. medical advances overproduction uneven wealth rising debt B. REVIEWING KEY TERMS Explain the following key terms. 6. welfare capitalism 7. speculation 8. buying on margin 18 Guided Reading and Review Chapter 22 Survey Edition
3 SECTION 2 THE STOCK MARKET CRASH THE BIG I DEA The stock market crashed in October 1929, leading to a long period of serious economic hardship. GRAPHIC SUMMARY: The Stock Market Crash * In billions of dollars. Based on Standard and Poor s index of common stocks. Source: Historical Statistics of the United States, Colonial Times to Chapter 22 Survey Edition
4 NAME CLASS DATE any The new ntion emphasis on ericans made factories dur t of radio age wildly productive. ions across Comsumers reveling in nd the world modern lifestyle, floc altered the to buy many differ histor products from mixer to autom Many who w GUIDED READING AND REVIEW The Stock Market Crash SECTION 2 A. AS YOU READ As you read Section 2, fill in the boxes in the sequence chain below to show the ripple effects of the stock market crash. 1. Income and profits fell B. REVIEWING KEY TERMS Define or identify each of the following terms. 10. Dow-Jones Industrial Average 11. Black Tuesday 12. Great Crash 13. business cycle 14. Great Depression 15. Gross National Product 20 Guided Reading and Review Chapter 22 Survey Edition
5 SECTION 3 SOCIAL EFFECTS OF THE DEPRESSION THE BIG I DEA The Great Depression affected almost everyone in the United States, causing widespread poverty, homelessness, and unemployment. GRAPHIC SUMMARY: Effects of the Depression Increase in homelessness Farmers lose their farms, many move west Urban families crowd into small apartments The Great Depression Competition for work causes racial tensions Many men feel sense of failure Many children suffer effects of poor diet Chapter 22 Survey Edition 97
6 NAME CLASS DATE any The new ntion emphasis on ericans made factories dur t of radio age wildly productive. ions across Comsumers reveling in nd the world modern lifestyle, floc altered the to buy many differ histor products from mixer to autom Many who w GUIDED READING AND REVIEW SECTION 3 Social Effects of the Depression A. AS YOU READ All of the following sentences are incorrect. As you read Section 3, rewrite each sentence to make it correct. 1. Professionals and white-collar workers were unaffected by the Great Depression. 2. The government built public housing for homeless unemployed workers and their families. 3. Farm families and southern sharecroppers acquired more land for planting during the Depression. 4. The Depression took only an economic toll on workers. 5. The physical health of most Americans, especially children, improved during the Depression as more people began to grow their own food. 6. The Depression ended discrimination against working women. 7. Social and economic conditions improved for African Americans during the Depression. B. REVIEWING KEY TERMS Identify the following terms, and explain how each term relates to the Great Depression. 8. Hoovervilles 9. Dust Bowl 22 Guided Reading and Review Chapter 22 Survey Edition
7 SECTION 4 SURVIVING THE GREAT DEPRESSION THE BIG I DEA Americans worked together to survive the Depression, and by the early 1930s they began to see signs of hope. GRAPHIC SUMMARY: Signs of Change 1931 Famous gangster Al Capone sent to jail st Amendment ends Prohibition 1935 Baseball star Babe Ruth retires Voters reject Republican party, elect Roosevelt 1933 Former President Calvin Coolidge dies 98 Chapter 22 Survey Edition
8 NAME CLASS DATE any The new ntion emphasis on ericans made factories dur t of radio age wildly productive. ions across Comsumers reveling in nd the world modern lifestyle, floc altered the to buy many differ histor products from mixer to autom Many who w GUIDED READING AND REVIEW SECTION 4 Surviving the Great Depression A. AS YOU READ As you read Section 4, check the sentence in each group that is not related to the other sentences. Then write another related sentence on the line provided. GROUP 1 a. Tenant groups formed to protest rent increases and evictions. b. Many Americans avoided buying on credit. c. Americans pulled together to help each other. d. People helped those they saw as worse off than themselves. GROUP 2 a. Some Americans supported radical and reform movements. b. The infant son of Charles Lindbergh was kidnapped and murdered. c. In the 1930s different groups of Americans worked together for social justice. d. The Communist party had about 14,000 members. GROUP 3 a. Gangster Al Capone went to prison for tax evasion. b. Henry Ford, once admired for his efficiency, became labor s prime enemy. c. Symbols of the 1920s faded away. d. Depression humor was a successful weapon against widespread despair. B. REVIEWING KEY TERMS 4. Why did Congress pass the Twenty-first Amendment? 24 Guided Reading and Review Chapter 22 Survey Edition
9 SECTION 5 THE ELECTION OF 1932 THE BIG I DEA Many Americans blamed Hoover and the Republicans for the Depression, leading to the election of Democrat Franklin D. Roosevelt in GRAPHIC SUMMARY: Election of 1932 WA OR NV CA ID AZ UT MT WY CO NM ND MN SD WI IA NE IL KS MO OK AR MS TX LA IN TN MI AL KY OH GA WV SC FL PA VA NC VT NH NY ME MA RI CT NJ DE MD Candidate/Party Popular vote Franklin D. Roosevelt (Dem.) 22,821,857 Herbert Hoover (Rep.) 15,761,841 Chapter 23 Survey Edition 99 Chapter 13 Modern American History Edition
10 NAME CLASS DATE any The new ntion emphasis on ericans made factories dur t of radio age wildly productive. ions across Comsumers reveling in nd the world modern lifestyle, floc altered the to buy many differ histor products from mixer to autom Many who w GUIDED READING AND REVIEW The Election of 1932 SECTION 5 A. AS YOU READ As you read Section 5, fill in the missing information in the chart below. HOOVER S EFFORTS TO END THE DEPRESSION ACTION GOAL SUCCESS OR FAILURE/WHY? organized White House conference of business leaders 1. to persuade business leaders voluntarily to maintain workers wages 2. signed the Hawley- Smoot tariff bill set up Reconstruction Finance Corporation encouraged state and local relief programs B. REVIEWING KEY TERMS Identify each of the following. 9. Hawley-Smoot tariff 10. Bonus Army 26 Guided Reading and Review Chapter 22 Survey Edition
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