chapter 7

Chapter 7

By Jenna Burleson and Ashley Smith

What is the tiny insect from Mexico that reached Georgia by 1915 and destroyed cotton crops?

ANSWER

Boll Weevil

What does it mean to grow more than just cotton?

ANSWER

Diversify

A period where there is no rain or not nearly enough; farmers can not grow as much as usual

ANSWER

Droughts

•People started focusing on buying things instead of saving money

ANSWER

Consumerism

Plans that allow people to pay for things a little at a time

ANSWER

Installment Plans

People buying things with borrowed money

ANSWER

Easy Credit

•When someone purchases part ownership in companies they believe will make money

ANSWER

Stocks

• Paying for part of a stock then borrowing the rest

ANSWER

Margin

• Making high-risk investments in hopes that they would pay off

ANSWER

Speculation

When businesses and farmers produced more than people could buy.

ANSWER

Overproduction

What happened on October 29th,1929 when stock prices dropped so much that it set off a financial panic?

ANSWER

Stock market crash

The day the stock market crashed and the beginning of the great is called what?

ANSWER

Black Tuesday

What was the worst financial crisis in US history that lasted throughout the 30’s?

ANSWER

The Great Depression

What was it called when a large number of Georgia’s African-American population moved to northern cities?

ASNSWER

The Great Migration

Who was president in 1932 and used government regulation to fix the economy and created the new deal?

ANSWER

FDR

What was the series of government plans launched by FDR?

ANSWER

New Deal

A law that paid farmers not to produce certain crops to raise farm prices and also led to more livestock.

ANSWER

Agricultural Adjustment Act

Hired married men ages 17-23 in the war and they plant trees in national forests

ANSWER

Civilian Conservation Corps

An act passed by congress in 1935 that provided retirement pay and other benefits for workers and also provided unemployment insurance that provided money for people out of work.

ANSWER

Social Security Act

• An act that provided funds to supply nations small farms with electricity

ANSWER

Norris Rayburn Act

• Created in 1935 and provided electricity to people who did not have any

ANSWER

Rural electrification Administration

Georgia’s governor who opposed social security and new deal programs. Agreed with white supremacies and related to country folk; served 4 terms

ANSWER

Eugene Talmadge

1. What impact did overproduction have on Georgia farmers?

2. What was the great depression and what are 3 factors that helped cause?

3. Who would have most feared the boll weevil in the 1920s?

4. Who believed in using government programs to end the great depression?

5. What new deal is still around today?

ANSWER TO QUESTIONS

1. Caused farm prices to drop and made it difficult for farmers to get out debt

2. The boll weevil, overproduction, and the stock market crash and the great depression was the worst financial crisis in the US history that lasted throughout the 1930s

3. Farmers in Georgia4. President F.D.R5. Social security