Causes of the Great Depression 386-388
This October 1929 event is widely considered the starting point of the Great Depression.
What is the Stock Market Crash (Black Tuesday)?
These makeshift communities of homeless people were named after the president many blamed for the Depression.
What are Hoovervilles?
This president created the New Deal to address the economic crisis.
Who is Franklin D. Roosevelt (FDR)?
New Deal programs designed to provide immediate help to the poor and unemployed were called this.
What is relief?
The Great Depression ended largely because of this major world event.
What is World War II?
When factories produced more goods than people could buy, this economic problem resulted.
What is overproduction?
Thousands of these people traveled west after losing their farms due to drought and over-farming.
Who are “Okies” (migrants from Oklahoma and surrounding states)?
This New Deal program provided jobs for young men in conservation work like planting trees.
What is the Civilian Conservation Corps (CCC)?
Programs like the Public Works Administration (PWA) focused on this goal by creating jobs and boosting the economy.
What is recovery?
This term describes the government’s increased role in the economy as a result of the New Deal.
What is government intervention or expanded federal government?
This risky practice of buying stocks with borrowed money contributed to the market collapse.
What is buying on margin or stock market speculation?
This environmental disaster in the Great Plains forced many farmers to abandon their land.
What is the Dust Bowl?
This agency insured bank deposits to restore trust in the banking system.
What is the Federal Deposit Insurance Corporation (FDIC)?
Laws and programs created to prevent future depressions, like bank reform, are examples of this New Deal goal.
What is reform?
This group, previously likely to vote Republican, began supporting the Democratic Party during the New Deal era.
Who are African Americans (or minorities/urban workers)?
A decline in this, when people and businesses stop buying goods, worsened the Depression.
What is under-consumption?
Many unemployed men did this to try to find work, leaving their families behind.
What is riding the rails (train hopping/hoboing)?
This New Deal program built dams and provided electricity and jobs in the rural South.
What is the Tennessee Valley Authority (TVA)?
One of the most important reform programs, this act provided pensions and unemployment insurance.
What is the Social Security Act?
These critics argued the New Deal went too far in expanding government power, while others said it didn’t do enough. Name one group or individual from either side.
Who are conservatives (too far, e.g. Supreme Court, business leaders) or liberals like Huey Long or Father Coughlin (not far enough)?
These two types of economic policies by the government and Federal Reserve made the Depression worse by reducing available money and raising tariffs.
What are tight monetary policy and high tariffs (like the Smoot-Hawley Tariff)?
Widespread unemployment led to the rise in these, where people could get free meals.
What are soup kitchens or bread lines?
This government program paid farmers to reduce crop production to raise prices.
What is the Agricultural Adjustment Act (AAA)?
This New Deal agency regulated the stock market to prevent future crashes.
What is the Securities and Exchange Commission (SEC)?
This long-term government program, still in place today, came from the Second New Deal and provides retirement and disability benefits.
What is Social Security?