Causes
Many banks failed during the 1920s because they were giving out too many of these:
Loans
Hoover believed in this economic philosophy, which wanted no government intervention in the economy.
laissez-faire
FDR's first lady was an advocate for the rights of minorities and women
Eleanor Roosevelt
What are the 3 R's?
Relief
Recovery
Reform
Hoover placed these on foreign products in order to protect American businesses.
Tariffs
These were shanty towns that people moved into during the Depression.
Hoovervilles
FDR spoke directly to the public in radio broadcasts called--
Fireside chats
What happened with the Bank Holiday?
FDR closed down all the banks in the U.S. and investigated them.
When businesses make more products than they are selling.
Overproduction
This group of WWI veterans marched to Washington DC and demanded they receive pay for their service.
Bonus Army
What was the name of FDR's group of black advisors?
Black Cabinet
This agency employed men to cut down trees and conserve the environment.
CCC
In the economy, there are good times and bad times.
How did the building of the Hoover Dam help the public?
Jobs
FDR surrounded himself with a group of experts from America's top universities known as what?
Brain Trust
What was the purpose of the FDIC?
To protect people's savings in the event of a bank failure.
Buying 10% of a stock and paying the rest back in installments. Many people went into debt because of this practice.
Buying on margin.
Instead of sending out federal aid, Hoover encouraged this in order to help the public during the Depression.
Volunteerism
"The only thing we have left to fear is--"
What was the purpose of the National Recovery Administration?
To set standard business practices to protect workers (minimum wage, standard prices, etc).