Definitions
What were breadlines?
What did CCC stand for?
Civilian Conservation Corps
Stock Market crash
Did FDR increase or decrease the size of the federal government?
Increased
Why would FDR use fireside chats?
FDR's first fireside chat had to do with.... (Extra 100 points)
To informally discuss updates with the people, usually late at night through the radio
Banking crisis
What does it mean to 'buy on margin'?
Using a loan to invest in securities. (i.e: buying stocks on credit)
What type of infrastructure did the Works Progress Administration build?
hospitals, schools, shipyards, roads
What were hoovervilles?
Shantytowns created by the homeless named after Hoover because he was blamed for the depression
Before he was president, FDR was
Governor of NY
Name two states the dust bowl touched.
Texas, Oklahoma, Kansas, New Mexico, Colorado
Who were the Bonus Army? What did they demand?
WWI veterans that marched on the capitol demanding their veteran bonuses to be paid early
What major New Deal Program was labeled unconstitutional?
Agricultural Adjustment Act (AAA)
In what ways did Hoover's early life affect his presidency?
Grew up poor and became successful without assistance from the government.
Led to his belief in the concept of rugged individualism.
What disease did FDR have? How did this effect his presidency?
Polio, which left him paralyzed and wheelchair bound. He hid his paralysis from the American public as a show of strength.
How did the Dust Bowl occur?
Drought caused the soil to dry up into fine particles and spread dust storms into the air
What is the name given to the day the stock market crash began?
Black Thursday
What two things did the National Industrial Recovery Act accomplish?
Set the minimum working age and abolish child labor
What was the trickle-down theory? Did it work?
Hoover's idea of giving money to the wealthy and having it trickle down to the poorer classes. It did not work.
FDR's goal with the New Deal was to...
please the... "forgotten man"
deal Americans a fresh hand
What were the main causes of the Great Depression? Name at least 3.
Availability of easy credit, crisis in the farming sector (dust bowl), wealth inequality, Hawley-Smoot Tariff and war-debt policies
What is the Smoot-Hawley Tariff?
A law that raised import duties in the United States in 1930 and protected US businesses and farmers. It resulted in stifled global trade and accelerated the depression in the US and abroad.
What two things did the FDIC accomplish?
Insured money up to $2500, and separated investment and commercial banking
Why did Hoover not react to the stock market crash right away?
Hoover believed that this downturn was similar to the periodic recessions that were typical of the American business cycle.
FDR's New Deal programs were categorized into three types, what was each type? (explain briefly)
Relief (immediate goals), Recovery (short-term goals), Reform (long term goals)
How did World War I lead to the roaring twenties and how did the 20s lead to the great depression?
WWI - improved economy, people had money to spend coming back home, consumerism took over and unions allowed employees to get more pay, the overconsumption and buying on margin led to the crash of the market