6 The Crash 1 Who coined the term Jazz Age a F Scott Fitzgerald 2 Who became president in 1920 What political party did he belong to a President Warren Harding R 3 Who was the next president What party did he belong to a President Cavin Coolidge R 4 How and WHEN did this man become president a in the 1920 when Harding died 5 What famous phrase did F Scott Fitzgerald coin to describe the 1920s a The Jazz age a New Era 6 What phrase did President Coolidge use to describe the 1920s 7 What statement did he make in 1927 when he used this phrase America is entering a new era of perpetual prosperity a 8 Explain the problem with debt in the 1920s a Everyone had high debt 9 What did buying on time mean a 2 00 down then 3 00 a month until you pay it off 10 By the late 1920s about how much stuff were people buying on time 75 or more of all furniture ratios cars household appliances a 11 Why was this a problem a Too many people were in debt because the banks weren t regulating 12 Explain the problem with consumer spending in the late 1920s a It was declining 13 What sectors of the economy weren t doing so well by 1927 a Agriculture coals textiles 14 How did this affect the people who worked in these areas a Weren t making much money 15 What was the general problem regarding wages for many working Americans a No raising in salaries 16 Why was this a problem for the overall economy a They weren t able to buy things 17 Explain why economic diversification was a problem a Big part economy invested in a few things 18 Explain the problem with in the late 1920s in stocks and investments on Wall Street a Stocks kept going higher and higher because of belief 19 What is margin buying stock broker a Buying large amounts of stock on a small amount down payment borrowing the rest from a 20 Explain the level of government oversight on Wall Street a There was none 21 Who was Herbert Hoover a Extremely upbeat about Americas future republican won the presidency in 1928 22 What party nominated him for president WHEN a Conservative republican 1928 23 What did he say when he accepted the nomination a We in America are nearer to the final triumph over poverty than ever before in the history of any land 24 Who won the 1928 presidential election a Herbert Hoover 25 What was the political affiliation of ALL the American presidents of the 1920s a Republican 26 Explain the investment situation in Wall Street in the fall of 1929 a Unstable but no one paid any attention 27 On what EXACT date did the stock market crash a Black Tuesday October 29 1929 28 What type of stock purchases was partially responsible for the severity of the Crash a Margin Buying a The beginning 29 In regard to the subsequent Depression what did the Crash signify 30 What were four major causes of the Depression a High debt b Declining consumer spending Lack of economic divers ration c d Extremely risky speculation 31 When did the stock market actually hit rock bottom a 1932 1933 a b 25 years 1954 32 How long did it take for the stock market to fully recuperate WHEN did this finally happen