Causes of the Great Depression
What were the main causes of the Great Depression?
People over speculated on stocks, using borrowed money that they could not pay back when the stock prices crashed
Federal Reserve failed to prevent the collapse of the banking system
High tariffs strangled (decreased) international trade
What event led to the end of the Roaring 20s?
Black Tuesday
The stock market crashing
What is the "New Deal"?
A group of governemnt programs by President FDR to try to end the Great Depression
What was the purpose of FDR passing so much legislation during the first 100 days?
Provide immediate relief
Put the economy on the road to long-term recovery
Initiate reforms to prevent another depression
What is the 19th Amendment?
Allowed women the rigt to Vote
What were the impacts of Tariffs on the economy?
They increased prices and led to the U.S. losing foreign trade
What prompted the Red Scare of the 1920s?
Eugene Debs and the rise of the Socialist Party
The 1917 Bolshevik Revolution in Russia
The influx of southern and eastern European immigrants to the U.S
Describe the FDIC. Make sure to include the full name of the program.
Federal Deposit Insurance Corporation
Inspected banks and insured depositors' accounts
Describe the CCC. Make sure to include the full name of the program.
Civilian Conservation Corps
Employed thousands of young men in camps across the country improving public lands
What is the difference between installment buying and credit buying
Installment buying is paying off an item in several payments over a period of time, while credit buying is paying off an item after a set period of time
What were "Hoovervilles"?
Groups of shacks or makeshift houses that poor people lived in
Explain the purpose of the TVA. Make sure to include the full name of the program.
Tennessee Valley Authority
Improved economy of the South by building hydroelectric dams. Provided cheap power to the South. Employed 40,000 people.
What is the AAA? Make sure to include the full name of the program.
Agricultural Adjustment Act
law that paid farmers to grow less by farming fewer acres
What are the speeches called that FDR would give to the American people during his presidency?
Fireside Chats
How did Hoover deal with the Depression? What were his beliefs about how the government should be involved?
Little to no government involvement in helping people, and that there should be private charity work to help people.
What did the 18th Amendment do?
Prohibited the manufacture, sale, and transportation of alcohol
What is the Social Security Act?
set up a form of insurance where employers and workers would pay the tax to cover unemployment benefits, old age pensions, programs for the blind, and for children of workers who had died.
Explain the WPA. Make sure to include the full name of the program.
Works Progress Administration
Millions were put to work in construction projects such as schools, libraries, hospitals, roads, sewer systems, and airports. Musicians were hired to give lessons, writers, artists and actors were hired to enhance government projects
What is the SEC? Make sure to include the full name of the program.
Securities and Exchange Commission
Regulated the stock market
Describe the unintended consequences of the 18th Amendment
The economy took a hit
What were the appeal and criticisms of the New Deal? Provide 3 examples of appeal and 2 examples of opposition.
Appeal: Anything that Ms. Reinhardt approves of (all on the list we made last week
Criticism: Anything that Ms. Reinhardt approves of (all on the list we made last week
What are some effects/programs/acts of the New Deal that are still present today? Provide 2 examples.
Social Security
FDIC
SEC
TVA
AAA
NLRB
How did FDR's New Deal programs address the needs of citizens during the Great Depression?
Provided jobs to the unemployed
Gave relief to farmers
Provided relief to the banks and the struggling economy
Why would people oppose/disagree with New Deal policies? Provide 2 examples
Anything that came from the list we created last week.