The Beginning
He was the US President at the time of the stock market crash
Who is Herbert Hoover?
After the stock market crash, people rushed to withdraw from their banks causing this.
What is Banks closing down/Bank runs?
He was the United States president that introduced the New Deal during the Great Depression.
Who is Franklin Roosevelt (FDR)?
FDR's plan to try and add six judges to the Supreme Court to keep his New Deal programs from being called unconstitutional.
court packing scheme
Which New Deal Program provided young men with jobs on environmental conservation projects?
This event is often considered to be the starting point of the Great Depression.
What is the stock market crash of 1929?
When a government spends more money than it is taking in
What is deficit spending?
FDR's huge number of accomplishments at the start of his presidency led to this term, still used today to evaluation the success of a new president's term.
What is the First 100 Days?
Any one of FDR's 3 popular critcs who thought he was doing the wrong things ... or not enough good things.
Who is Huey Long, Fr Coughlin or Francis Townsend
A new agency after the stock market crash designed to make sure companies selling stock were clear and honest in providing information to investors
What is the Security and Exchange Commission (SEC)
This term was used to describe the region of the American mid-west that suffered a devastating drought full of huge dirt storms during the 1930's.
What is the Dust Bowl?
What is the practice of buying stocks with up to 90% of the money being borrowed and the rest from a person's own money called?
buying on margin
FDR often spoke directly to the American people over the radio in broadcasts known by this warm nickname
What were Fireside Chats?
This new program guaranteed payments for enrolled workers beginning at age 65 when they retired
Which agency was created to generate electric power and control floods around the Tennessee River Valley by building dams (which created electricity and jobs).
Tennessee Valley Authority (TVA)
The unemployed and poor often lived in "shanty towns." They were often referred to as.
What are Hoovervilles?
What was it called when banks gave out bad loans that drained cash out of people's savings accounts and when depositors asked for their cash, the banks didn't have it to give back to them? This caused banks to go bankrupt.
bank failures
The large number of new government programs that FDR put in place were often simply identified by their initials, leading to this food-related term for all of them together.
What is "Alphabet Soup"?
A law passed by Congress to protect workers' right to join unions
What was the Wagner Act?
What was the federal guarantee of savings bank deposits called (a limit of $250,000)?
Federal Deposit Insurance Corporation (FDIC)
People seeking employment traveled to California looking for work were known by this name, based on the state where many of them came from
What are "Okies"?
This is a condition in which the production of goods exceeds the demand for them, which causes their value to decrease.
What is overproduction?
FDR started his term by closing every bank for four days and allowed them to then re-open only if they had enough funding, creating this "holiday"
What was the bank holiday
The Smoot-Hawley Act is now seen as the wrong thing at the wrong time because it RAISED THESE instead of lowering them at the start of the Depression
What are tariffs?
Used to put people to work creating public works, including artwork, photographs, plays, poems, and Mt Hood's Timberline Lodge
What is the Works Progress Administration (WPA)