Great Depression

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What is a bank run?

Bank run is a ;large sustained request by depositors to withdraw their money from the bank.

True or False: Banks can fund a “bank run”.

FAlse

How do banks fail as a result of a “bank run”?

The inability of people to payback their loans combined with bank runs caused banks to fail.

“It’s a Wonderful Life - the Run on the Banks”

How did the bank run start for George Bailey’s bank?

They sent all their money to the bank, now they have no more money.

What does George Bailey need to do to keep his bank operating?

He needs to pay everyone back their money, and keep the bank ru nn9jg until it is time to close

How does George Bailey keep people from withdrawing all of their money?

He gave everyone money until the bank opens up again.

Is George Bailey successful in preventing a bank run?

Yes he is he made it through the day without trouble.

Hoovervilles and the Bonus Army

“History Brief: Hoovervilles and the Bonus Army”

What happened to people’s homes as the Great Depression worsened?

Many people lost their job, and were forced to leave their homes.

What were shacks or shanties made of?

Boxes, wooden crates, tarpaper, old sheets used as makeshift homes.

How did “Shantytowns” get the name “Hoovervilles”?

Because they saw President Hoover very responsible for the economic woes, they started calling it hooverville because of him.

In 1932, who made a Hooverville in Washington DC?

A disgruntled group of homeless people.

What was the World War Adjustment Act?

All veterans would be paid a bonus to make up for the wages they could have been making during the war.

What happened when the B.E.F. refused to leave their Hoovervilles?

Because many of them didn’t have a home to return to. They were removed from the city by using tear gas and rifles,

How did the nation respond to Hoover’s actions?

Voters didn’t like Hoover anymore and showed their disgust at the poll in November of 2932.