Crash and Great Depression
These makeshift communities, often consisting of tents and shacks, were named after a president blamed for the economic downturn.
What are Hoovervilles?
These were the three primary goals of the New Deal: relief, recovery, and...
What is reform?
Established during World War II, this U.S. agency was responsible for overseeing the production of war materials and coordinating the country's industrial efforts.
What is the War Production Board?
This policy, announced in 1947, pledged to support countries threatened by communism, marking a significant shift in U.S. foreign policy.
What is the Truman Doctrine
This president, in office during the start of the Great Depression, is often criticized for his handling of the economic crisis.
Who is Herbert Hoover
This infamous day, October 29, 1929, saw the stock market crash, marking the beginning of the Great Depression.
What is Black Tuesday?
Both Democrats and Republicans criticized the New Deal for this reason, arguing that it gave too much power to the federal government and interfered with free-market principles.
What is government intervention in the economy?
Constructed in 1961, this barrier divided a city for 28 years, symbolizing the ideological divide between East and West.
What is the Berlin Wall?
This 1962 event brought the world to the brink of nuclear war when the United States discovered Soviet missiles in this Caribbean country.
What is the Cuban Missile Crisis?
This president's New Deal policies aimed to alleviate the effects of the Great Depression, including programs like the CCC and Social Security.
These were events where farmers facing foreclosure would gather to bid very low prices on each other's property, allowing the original owner to keep their land.
What are penny auctions?
This landmark piece of legislation, also known as the National Labor Relations Act, was passed in 1935 to protect the rights of employees and encourage collective bargaining.
What is the Wagner Act?
To fund its involvement in World War II, the U.S. government employed various methods, including the sale of war bonds, increased taxes, and the implementation of this system, which limited the purchase of certain goods.
What is rationing?
Formed in 1949, this alliance aimed to provide collective defense against the threat of Soviet aggression during the Cold War.
What is NATO (North Atlantic Treaty Organization)?
This Soviet leader, who came to power after the death of Lenin, implemented policies of rapid industrialization and collectivization, leading to widespread purges and the Great Famine.
Who is Joseph Stalin?
This term describes the severe decline in economic activity, marked by a sharp decrease in industrial production, widespread unemployment, and a plummeting stock market.
What is the economic recession?
Established in 1933, this government agency insures deposits in banks, providing stability and confidence in the banking system.
What is the Federal Deposit Insurance Corporation (FDIC)?
This term refers to a country that is formally independent but is heavily influenced by another nation, especially in terms of politics and foreign policy.
What is a satellite nation?
This term refers to the practice of making accusations of subversion or treason without proper regard for evidence, named after a U.S. Senator known for his anti-communist investigations.
What is McCarthyism?
This Spanish dictator ruled from the end of the Spanish Civil War in 1939 until his death in 1975, establishing a repressive authoritarian regime.
Who is Francisco Franco?
One key aspect of the Great Depression was the high unemployment rate. What was the peak unemployment rate during this time?
What is 25%
This practice, popular during the 1920s, allowed investors to purchase stocks with only a fraction of the total price, borrowing the rest from a broker.
What is buying on margin?
Issued by President Franklin D. Roosevelt in 1942, this executive order authorized the relocation and internment of Japanese Americans during World War II.
What is Executive Order 9066?
The Korean War ended in 1953 with this outcome, which saw the Korean Peninsula remain divided along the 38th parallel, where it had begun.
What is an armistice, resulting in the continuation of the division between North and South Korea?
This British Prime Minister, known for his inspiring speeches during World War II, coined the phrase "Iron Curtain" in a speech about the Soviet Union's influence in Eastern Europe.
Who is Winston Churchill?