Causes
This was the short-term cause of the GD.
Stock market crash
This rose to 25% in 1933
Unemployment rate
When people were evicted from their houses, they would live in.
Pipes, parks, shacks, shantytowns, Hoovervilles
Hoover believed in _________ economics.
Laissez-faire.
This put almost 3 million young men to work building roads, developing parks, and helping soil-erosion and flood-control projects.
Civilian Conservation Corps
System of "buy now, pay later"
Credit
Bank failures
Name one dish people cooked during the Depression
Prune pudding, chopped beef and cream, dandelion salad, Hoover stew, Kraft
This describes the belief that people should work hard for themselves rather than rely on the government.
Rugged individualism
This paid farmers to lower production and, in some cases, to destroy crops, with the greater goal of raising crop prices and farm income.
Agricultural Adjustment Act
Why were farmers overproducing in the 1920s
Trying to make up for a drop in demand/ producing wartime levels
Direct relief
Although the government did not provide relief, some organizations would provide ___________ in the form of things like bread lines.
Charity
What was the outcome of the 1932 election
Hoover: 16m
FDR: 23m
This established the Federal Deposit Insurance Corporation (FDIC), with the greater goal of restoring public confidence in the banking system.
Federal Securities Act
What caused the stock market to crash?
Buying on margin, people wanting to sell, companies not being honest about their worth
What did Hoover try to use to help the economy but actually had a reverse impact?
Smoot-Hawley Tariff
How did the Depression impact people of color? Give one example.
Increase in racial violence, lynchings, demand for deportation
What was FDR's first major action when he took office?
The first meeting of the "brain trust"
This helped to create prosperity in a poverty-stricken region by providing funds to build and repair dams, flood-control projects, and power plants.
Tennessee Valley Authority
More Americans owning a fridge didn't mean we had beat poverty, but it was a sign of?
False prosperity
What other two countries were greatly impacted by our Depression?
Britain and Germany
Why might the Dust Bowl be described as the "perfect storm".
How did FDR change the role of the government?
His policies suggested the government must intervene in times of economic crisis.
This created an administration that set fair prices on many products and established labor standards, with the greater goal of ensuring fair business practices and promoting industrial growth.
National Industrial Recovery Act