Causes of the Great Depression
Buying stuck on credit
What is buying on margin?
Who is Herbert Hoover?
President who passed the New Deal with 3 goals of providing relief, recovery and reform
Who is Franklin Delano Roosevelt?
African American advisers to the President on racial issues
What is Black Cabinet?
What is soup kitchens?
A strong stock market
What is Bull Market?
Group of WWI veterans seeking a bonus that Congress promised to them
What is Bonus Army?
Banks close for 4 days to stop people from panicking and to help banks get re-organized
What is bank holiday?
1st woman to serve in Presidential cabinet
Who is Frances Perkins?
Makeshift “houses” built on public property, usually made of discarded materials
What is Hoovervilles?
The day the stock market collapse
What is Black Tuesday?
Hoover approved spending on public works projects and an additional spending to provide “direct relief” Still, efforts were too small to stimulate economic growth
What is Emergency Relief and Construction Act?
Help the elderly, poor, and unemployed. Providing more jobs
What is the goals of the 2nd New Deal?
Govt that provides for the elderly, sick, poor, disabled, unemployed
What is Welfare State?
Families forced to relocate. (Most came from Oklahoma)
What is Okies?
Risky attempt to buy a stuck with hopes of it going up, buyer sells for a quick profit
What is speculation?
If the wealthy or big businesses have $, that will create jobs
What is Trickle-down theory?
Provided a pension for the elderly and others. Unemployment insurance for workers as well as those injured on the job and supplies aid to poor mothers and the disabled
What is the social security act?
The New Deal had brought together a diverse group of voters: Southern whites, blue-collar workers from the north, poor farmers of midwest, African Americans
What is New Deal Coalition?
Unemployment rate for African Americans in 1932
What is 50%?
Indicator of how healthy the stock market is; when it goes down, investors start selling stock
What is Dow Jones industrial average?
People should depend on themselves to improve their situation and govt involvement should be minimal
What is rugged individualism?
Wanted those over 60yrs to receive $200/month
Who is Townshed?
Econ. Assistance to NA’s and restoration of tribal control over NA land
A long period during the 1930’s that forced families to relocate
What is the dust bowl?