Vocabulary
The homeless would move into small communities of improvised shacks outside of major cities
Hoovervilles
1929
Crop prices decreased, farmers had to over farm
What does FDR stand for?
Franklin Delano Roosevelt
Name an example of a New Deal program that built public works
WPA, CCC, PWA, FERA, TVA, National Housing Act
What is a public work
A place or service the government funds/maintains that anyone can use
Name one reason why the stock market crashed
Buying on margin, wealth disparities, consumerism, lack of regulation
When people lost their jobs and ability to pay, this frequently followed.
Homelessness
When was FDR's first term?
1933-1936
A program where the government taxes your pay and puts it into a savings account for when you reach 65
Social Security
What were the three R's of the New Deal?
Relief, Recovery, Reform
When people take loans to invest in stocks
Buying on Margin
What was the highest year of unemployment during the Great Depression? How high was it?
1933, 25%
Informal talks on the radio FDR hosted to inform Americans about the progress he was making
Fireside chats
Most important works the Tennessee Valley Authority built
Dams, brought electricity to impoverished Tennessee Valley area
When was the First New Deal implemented? When was the Second New Deal implemented?
First: 1933-1935
Second: 1935-1936
Bank failures had this effect
Left people unable to access their savings, businesses could not take out loans
What was the bonus army?
Veterans were promised a bonus in 1945, but wanted it after the market crashed. Protested outside the white house.
FDR's first action when he got into office
Closed the banks, Banking Securities Act, gave banks money, restored trust in the banks
Name an example of a financial reform law
Securities Act, National Recovery Act, National Labor Board, Fair Labor Standard Act
What is a union?
A group of workers who band together to force management to make changes, usually for better treatment or pay
Herbert Hoover's Response to the Stock Market Crash was called
Volunteerism
How did migration change during the Great Depression?
People stopped moving to cities, immigration to America for work ended
FDR was the first president to recognize this right for workers
The right to unionize
Name a difference between the goals/programs of the First and Second New Deals
First focused most on relief, short-term recovery, Second focused more on reform and long-term recovery