Great Depression 1
Who were the Losers of the New Deal?
Women and minorities
Elected president in 1928
Herbert Hoover
What day did the stock market crash?
Black Tuesday
What happened to banks during the Great Depression?
_______________ and Exchange Commission
Securities
What is the range for the unemployment to be considered good?
Under 5 percent
Public ___________ Administration
Works
Elected President in 1932
FDR
________________ Valley Authority
Tennessee
What was the unemployment rate at the height of the Great Depression?
25%
What caused the stock market to crash?
Buying on the Margin
What was the WPA project in Monroe that we discussed in class?
The courthouse
What percentage were people buying stocks on the margin in the 1920s?
10
FDR's plan to fix the Great Depression
New Deal
2 Main Reasons Americans hated Hoover
1. He did nothing to solve the Great Depression
2. He killed Veterans from WWI
Group of WWI vets that marched to DC to protest
Bonus Army
Senator from Louisiana who believed "Every man a King"
Huey P. Long
What country had it the worst during the Great Depression?
Germany
Makeshift villages where homeless people lived together in homemade shacks
Hoovervilles
Act that established retirement income for all workers once they reach the age of 65
Social Security
The 3 R's of the New Deal
Relief, Recovery, and Reform
Mexican Repatriation
Deported mass numbers of Mexican-Americans to open up jobs for white Americans
Insured bank deposits of up to $250,000
FDIC
SEC
Belief the government should not regulate the economy but instead should allow the market to do so
Laissez-Faire