Causes of the GD
Farmers
MONEY!!!
FDR and the New Deal
MISC.
100
"Buy now, pay later"
What is easy credit
100
During WW1, there was an increase in demand in production on farms. Farmers bought more land and farm equipment in order to meet the demand. They bought these THIS way.
What is on credit?
100
one person’s spending becomes income to another person, who in turn can spend more and add to the income of others.
What is the Multiplier Effect?
100
What FDR's first act as President to help the economy
What is closed the banks for one week
100
Shantytowns built from scraps of wood were called THIS
What is Hoovervilles
200
laissez-faire
What is government economic policy during the Coolidge and Hoover Administrations?
200
After WW1, there was an overproduction of goods since European countries could grow their own. This led to a decrease in demand for goods, which meant the prices did THIS.
What is dropped
200
To keep (or avoid spending or losing) money through ___________, and to expend money to achieve a profit is to ___________
What is saving and investing •What are some ways to save? •What are some ways to invest? (extra points if you can answer these!
200
FDR's program to help stimulate the economy
What is the New Deal
200
Hobos travelled all over the country looking for work in this way
What is riding the rails
300
Farmers (and other industries) produced more supplies after WW1 than people were willing to purchase (decrease in demand) hint: make too much of the goods]
What is overproduction of goods?
300
Because of the loss of income since prices dropped, farmers couldn't pay their _______
What is loans
300
On October 29, 1929, (Black Tuesday) many people lost all of the money they invested in the
What is Stock Market
300
Another one of FDR's methods to help reassure the country that things will get better!
What are fireside chats
300
With over-farming, a draught, wind and dry dirt, conditions were just right in the midwest for THIS
What is the Dust Bowl
400
Get rich quick!
What is speculation?
400
Since farmers couldn't pay back their loans to the banks, the banks ___________
What is failed
400
We don't all make the same amount of money
What is income inequality
400
This act provided unemployed young male adults with jobs in order to earn money for their families.
What is the CCC- Civilian Conservation Corps
400
During the Great Depression, 25% of the American people were out of work. This is called
What is unemployment
500
99% of population earned a 9% raise while 1% of the population earned a 75% raise. The rich got richer and the poor got poorer.
What is income inequality?
500
FDR attempted to subsidize (give financial aid) farmers to help them get back on their feet through the AAA (Agricultural Adjustment Act. This program was considered ____________
What is unconstitutional
500
Two New Deal programs that FDR created to help gain confidence in the banking industry
What is the FDIC and SEC
500
FDR and Congress expanded the role of the government in these ways
What is Relief: Emergency aid to those in need Recovery: “Pump/deficit spending” used to fund programs to restart consumer demand Reform: restored confidence and provided insurance against another depression
500
The New Deal was criticized for three reasons. Many believed it: 1.) was not allowed to regulate businesses 2.) was a movement toward Socialism, and 3.) should not have been able to borrow money to fix the economy, which is called ______________
What is deficit spending
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