Lena
Who was responsible for people's well-being in a welfare state?
The government.
What is it called when people buy stocks and sell them as soon as they go up in price?
Speculate
Who promised Americans a new deal?
Franklin Roosevelt
Who asked major business leaders not to cut people's wages?
Herbert Hoover
What was the biggest crash in American history and when did it occur?
The crash on Black Tuesday and it occurred in 1929.
What is a tax against goods that are shipped into a country?
Tariff
What did the Stock Market Crash show?
The US economy was struggling.
Who benefitted from the social security act?
Older people and people who had lost their jobs.
What is a shanty?
A house that is pieced together with scraps, medal, wood, and cardboard.
What did Roosevelt appoint to get his supporters to vote for him?
Work projects.
What did Roosevelt declare to stop runs on the banks?
What is unemployment?
When people who want a job can't find them.
What did Hoover do that did not help to overcome the Great Depression?
He raised taxes on families and businesses.
A person that checks businesses to make sure they are telling the truth.
What did Roosevelt promise Americans?
A New Deal.
What is a city "machine?"
A group of people who control how a city is run.
What bill caused the landowner to no longer need the sharecropper to work his land?
The Farmer Bill
When can the stock market crash?
When the stock prices rise higher than the company is worth.
Why did Americans think the economy would keep growing after Black Tuesday?
Many new inventions were being sold.
When can the stock market crash?
When stocks quickly lose more than half their value.
What did the Supreme Bank say about many of the new deal problems?
They were unconstitutional and Roosevelt had to shut them down.
How did banks make money?
By getting interest from loans and investing in the stock market.
Why did Roosevelt ask congress to let him appoint more justices to the Supreme Court?
To stop the Supreme Court from saying the New Deal was unconstitutional and to have more justices on the court that supported the New Deal.
What did Roosevelt ask farmers to do to help the economy?
To stop planting crops so there would not be too much supply.
What happens when Farmers have too many crops and they overproduce?
Prices for the crops drop and there are more sales BUT profits are low for the farmer.