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Chapter 7

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.

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Chapter 7

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  1. Chapter 7 By Jenna Burleson and Ashley Smith

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

  3. ANSWER Boll Weevil

  4. What does it mean to grow more than just cotton?

  5. ANSWER Diversify

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

  7. ANSWER Droughts

  8. People started focusing on buying things instead of saving money

  9. ANSWER Consumerism

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

  11. ANSWER Installment Plans

  12. People buying things with borrowed money

  13. ANSWER Easy Credit

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

  15. ANSWER Stocks

  16. Paying for part of a stock then borrowing the rest

  17. ANSWER Margin

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

  19. ANSWER Speculation

  20. When businesses and farmers produced more than people could buy.

  21. ANSWER Overproduction

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

  23. ANSWER Stock market crash

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

  25. ANSWER Black Tuesday

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

  27. ANSWER The Great Depression

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

  29. ASNSWER The Great Migration

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

  31. ANSWER FDR

  32. What was the series of government plans launched by FDR?

  33. ANSWER New Deal

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

  35. ANSWER Agricultural Adjustment Act

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

  37. ANSWER Civilian Conservation Corps

  38. 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.

  39. ANSWER Social Security Act

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

  41. ANSWER Norris Rayburn Act

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

  43. ANSWER Rural electrification Administration

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

  45. ANSWER Eugene Talmadge

  46. What impact did overproduction have on Georgia farmers? • What was the great depression and what are 3 factors that helped cause? • Who would have most feared the boll weevil in the 1920s? • Who believed in using government programs to end the great depression? • What new deal is still around today?

  47. ANSWER TO QUESTIONS • Caused farm prices to drop and made it difficult for farmers to get out debt • 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 • Farmers in Georgia • President F.D.R • Social security

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