Great Depression 1
He was the United States president that gave "relief" to the people during the Great Depression known as the doctor for all of the remedies he tried with the New Deal.
Who is Franklin D. Roosevelt
After the stock market crash, people rushed to their banks and took the money that was left out. What did that cause?
Banks closing down/Bank runs
The purchase of a share of a company that goes up and down in value and can potentially make you some good money?
What is buying stock?
FDR's plan to try and add six judges to the Supreme Court to keep his New Deal programs from being called unconstitutional. This was NOT allowed by Congress, however because it was considered unconstitutional and gave him too much power
court packing scheme
Which New Deal Program provided young men with jobs on environmental conservation projects?
Civilian Conservation Corps (CCC)
Which term was used to the region of the American mid-west(Great Western Plains) that suffered a devastating drought full of huge dirt storms during the 1930's.
What is the Dust Bowl?
This event is often considered to be the starting point of the Great Depression.
What is the stock market crash of 1929?
What caused the Dust Bowl?
drought and bad farming techniques
Where in the USA did the Dust Bowl take place?
the Great Plains
Reform - Provided oversight of the stock market and required honesty
What is the SEC
What is a period of time of high unemployment and low economic demand?
economic depression
What is the practice of buying stocks with up to 90% of the money being borrowed from the bank and the rest from a person's own money called?
buying on margin
October 29, 1929 is also known as this.
What is Black Tuesday?
President Hoover's policies during the Great Depression shows his belief that?
A) The government should never become involved in the economy.
B) The government should step in and help in the economy.
C) The Great Depression was caused by labor union strikes.
D) None of the Above
A) The government should never become involved in helping the economy.
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?
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 the event caused people to loss their ____________ in the banks.
Caused mistrust/ or loss of confidence
What were the series of government programs (remedies) that FDR put in place to help end the Great Depression called? This also increased the size and power of the government.
the New Deal
This is a condition in which the production of goods exceeds the demand for them, which causes their value to decrease.
overproduction
What was the federal guarantee of savings bank deposits called (a limit of $250,000)?
Federal Deposit Insurance Corporation (FDIC)
Name three causes of the Great Depression (4-5 examples)
--overproduction
--overuse of credit
--Stock Speculation/buying stocks on margin
--Uneven Distribution of Wealth
--High Tariffs
This law guaranteed payments for enrolled workers beginning at age 65 who retired, with disability or unemployment?
Social Security Act
FDR created this holiday that closed every bank for four days and allowed them to then re-open only if they had enough funding and if they passed Federal Inspection.
bank holiday
President FDR's policies during the Great Depression shows his belief that?
A) The government should never become involved in the economy.
B) The government should step in and help in the economy.
C) The Great Depression was caused by labor union strikes.
D) None of the Above
B) The government should step in and help in the economy.
What was an effect of the Dust Bowl?
people migrated west to California