chapter 7
DESCRIPTION
Chapter 7. By Jenna Burleson and Ashley Smith. What is the tiny insect from M exico that reached Georgia by 1915 and destroyed cotton crops?. ANSWER. Boll Weevil. What does it mean to grow more than just cotton?. ANSWER. Diversify. - PowerPoint PPT PresentationTRANSCRIPT
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