Economic Problems of the 1920s
This term refers to money left over after paying for necessities, and it fueled consumer spending in the 1920s.
What is disposable income?
Hoover believed in this philosophy that individuals, not the federal government, should solve their own problems.
What is rugged individualism?
The three main goals of the New Deal were Relief, Recovery, and this.
reform
Conservatives argued that the New Deal expanded this too much.
FEDERAL POWER
This president believed in limited government and local relief efforts.
Who is Herbert Hoover?
This major economic issue occurred when factories and farms produced more goods than Americans could buy.
What is overproduction?
Hoover opposed this type of federal assistance directly to struggling Americans.
What is direct federal aid?
This New Deal program hired young men to work on conservation and environmental projects.
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The Supreme Court struck down several New Deal laws for exceeding this constitutional limit.
federal authority
This president believed the federal government should take active steps to help citizens.
FDR
High tariffs like the Fordney‑McCumber Act hurt this type of international exchange.
World trade
Hoover believed these organizations — not Washington — should provide relief during the Depression.
What are private charities and state governments?
This agency insured bank deposits to restore public confidence in the financial system.
FDIC
Roosevelt’s plan to add more justices to the Supreme Court became known as this.
Court packing plan
Hoover relied on individuals and charities, while Roosevelt relied on this level of government.
federal gov
European nations struggled to repay these financial obligations to the U.S. after World War I.
war debts?
This risky stock‑market behavior, involving buying shares hoping for quick profits, helped cause the crash.
What is speculation?
This program brought electricity and economic development to poor rural regions.
TVA
Critics feared the court‑packing plan threatened this principle that divides government power.
seperation of powers
Roosevelt’s approach involved trying many different programs and ideas, often called this.
experiemenation
This group faced falling prices and incomes throughout the 1920s, long before the Depression began.
farmers
Many criticized Hoover because he refused to greatly expand this level of national authority.
federal power
This law protected workers’ rights to unionize and created the National Labor Relations Board.
What is the Wagner Act?
Conservatives believed New Deal regulations threatened this economic system based on private business.
free enterprise
Hoover resisted direct aid, while Roosevelt created programs that provided this type of assistance to Americans.
direct federal aid