Stock Market Crash
October 29, 1929 was the day the stock market crashed. It was called:
Black Tuesday
When there is not enough rainfall.
Drought
His Reconstruction Finance Corporation loaned government money to struggling banks and other institutions. Americans saw this as heartless because he gave direct aid to businesses but not the people.
President Hoover
New Deal program that helped bring electricity to more Americans.
Rural Electrification Act.
What program did FDR begin during his first Hundred Days?
The New Deal
Economic factors of the 1929 Stock Market Crash
Farmers who fled the Dust Bowl and traveled to California to find work.
Okies
Hoover's belief that businesses should form voluntary associations to make the economy fairer and more efficient. He called the voluntary partnership between these associations and the government the associative state.An example is:
The Hoover Dam
New Deal program that built dams, which helped control floods and provide hydroelectric power.
Tennessee Valley Authority
Which branch of the federal government opposed some New Deal programs because they gave the Executive Branch too much power?
The Supreme Court
Financial factors of the 1929 Stock Market Crash
Homeless people who went from town to town searching for a job. They often jumped onto moving trains, and were often met with violence if they approached a home to beg or steal.
Hoboes
15,000 World War I veterans protested at the nation’s capital, demanding they receive the veteran’s bonus. Police and U.S. Army soldiers began clearing the area of the veterans. Violence erupted, and the Bonus Marchers’ main camp was in flames. Hundreds were injured, and two of the veterans were killed.
Bonus March
New Deal program that made banks report to the government in order to restore confidence in the nation’s banks.
Emergency Banking Act
During the Great Depression, FDR promised to help Americans with:
Public works programs to provide jobs for people out of work.
Banks failed.
When a lender takes possession of a property because the owner cannot make loan payments.
Foreclosure
It made foreign goods more expensive, which would make people buy from American businesses. Europeans responded with their own tariffs, drastically reducing the goods America sold overseas. This caused trade profits to plunge, making the economy even worse.
Smoot-Hawley Tariff Act
New Deal program that guaranteed regular payments for many Americans age 65 or older.
Social Security
How the New Deal changed the role of the government.
The American people now believed that the government had a role to play in helping both businesses and individuals gain greater economic security. To play this role, however, the government had to get bigger; as it did, Americans came to look regularly to the government for help.
Stockbrokers loaning people money to buy stocks was called:
Buying on margin
Causes of the Dust Bowl
This program loaned government money to struggling banks and other institutions.
Reconstruction Finance Corporation (RFC).
New Deal program that gave farmers a subsidy, or government payment, to grow fewer crops
The Agricultural Adjustment Act
Thousands of hospitals, schools, dams, bridges, roads, public buildings, and murals and sculptures exist because of the New Deal’s public works programs. These are examples of:
The New Deal's physical legacy