Great Depression 1
He was the United States president that gave "relief" to the people during the Great Depression.
Who is Franklin D. Roosevelt
Why did bank runs happen?
After the stock market crash, people rushed to their banks causing this. Banks couldn't guarantee money deposited.
The purchase of a share of a company?
What is buying stock?
What are the 3 R's of the New Deal?
Relief, recovery, reform
Which New Deal Program provided young men with jobs on environmental conservation projects?
Which term was used to 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?
When stock prices are on the rise this is known as a?
Bull Market
What are 3 causes of the Dust Bowl?
drought and bad farming techniques, overproduction of farming products
What was Hoover's plan for handling the Depression?
What was the name of the radio program president FDR created during the Depression?
Fireside chats
What is the date of the Stock Market Crash?
October 29, 1929
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
What is it called when a bank takes possession of homes or farms due to failure of making payments?
What is foreclosure?
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 part of the struggling American economy did FDR address first?
Banking industry
The unemployed and poor often lived in "shanty towns." They were often referred to as.
What are Hoovervilles?
You can purchase a stock from a privately or publicly owned company?
Public only
What were the series of government programs that FDR put in place to help end the Great Depression called? This also increased the size of the government.
the New Deal
What is the Bonus Army March?
Veteran's marched on Washington DC to receive their $1000 early from serving in WWI
Buying stocks at great risk with the hope that the price rises is known as?
Speculation
Name three causes of the Great Depression
--overproduction
--overuse of credit
--buying stocks on margin
--risky bank loans
--farming crisis
What were 3 groups that could collect Social Security?
65 +, widows, disabled, children of these groups
FDR created this that closed every bank for four days and allowed them to then re-open only if they had enough funding.
bank holiday
Which of the following is an example of a public works program?
-Creating public schools
-Construction of railroads
-Creating Backbone state park
-Church run clothing drives
Church run clothing drives
What is the first 100 days?
FDR's promise to pass large amount of his New Deal plan.