Great Depression
What was the initial cause of the Great Depression
overspeculation in the stock market
A series of programs created to help end the Great Depression?
New Deal
New Deal program that insured bank deposits with federal money
Federal Deposit Insurance Corporation (FDIC)
When profits drop because of overproduction, and increased competition from European farmers, plus the enactment of Smoot-Hawley Tariff effected who and how
Farmers / Okies cause them to move to Calif.
worst economic disaster in American history marked by high rates of homelessness, unemployment, and business failure
Great Depression
Which President wanted to limit the role of the Federal Government in managing Crisis?
President Hoover
FDR tried to increase his supporters on the supreme court by appointing 6 new justices (from 9 to 15)
FDR's Court Packing Scheme
New Deal agency that created new laws to regulate the stock market
Securities and Exchange Commission (SEC)
Short term new deal programs that try to create quick fixes (like jobs)
Relief
“Shanty towns”; are collections of shacks built in NY by the homeless after the onset of the Great Depression
Hooverville
Measures the stock market, and shows the crash of October 29, 1929
Dow Jones Industrial Average Index
Did Hoover agree with Rugged Individualism, Explain
Yes, belief that all individuals, can succeed on their own and that government help for people should be minimal.
Is the "Share Our Wealth" Plan part of the New Deal
No it is not
What cause the Dust Bowl
destruction of the prairie grasses
dust storms in the Great Plains region caused by a major drought and abandoned farms
Dust Bowl
During the 1920s businesses were mass-producing goods, but at the start of the 1930s people stopped buying
overproduction, underconsumption
How did the states work to lessen the effects of the Great Depression on the people?
accepting federal money for relief program
Which New Deal program still existence today for Retired people
Social Security Administration
new deal program created jobs by building bridges, roads, and other federal needs
Public Works Administration (PWA)
buying stocks for a low price in the hopes the price of the stock will rise so the buyer sell the stock make a profit
overspeculation
Why were some of President Franklin D. Roosevelt's New Deal programs decleared unconstitutional
Because it infringed on powers reserved to the states
The reason why the court-packing scheme was rejected
FDR wanted to weaken the power of the judicial branch over the executive
FDIC, SSA, and the SEC what part of which of New Deal
Reform
This is a way the new deal effected the historical roles of government
increased the power of the federal government while decreasing the power of state governments
Increase taxes on imports coming to America which causes European countries to increase their taxes on American goods
Hawley-Smoot Tariff