Presidents of The Great Depression
FDR used this form of technology to speak directly to Americans during the Great Depression to boost morale during his "Fireside Chats"
What is radio
This event on October 29, 1929, triggered panic selling and massive economic collapse.
What is Black Tuesday / Stock Market Crash
These shantytowns were sarcastically named after President Hoover.
What are Hoovervilles
This program provided jobs to young men planting trees and conserving natural resources.
What is the Civilian Conservation Corps (CCC)?
The New Deal permanently expanded this level of government’s role in the economy.
What is the federal government
FDR temporarily closed banks in 1933 to restore confidence in the financial system
What is the Bank Holiday
Risky investments, in land or stocks, betting on a rapid price increase for quick profits
What is speculation
This natural disaster devastated the Great Plains and forced many farmers to migrate west.
What is the Dust Bowl
New Deal program created to improve economic conditions by providing jobs and electricity in a poor rural region
What is the Tennessee Valley Authority (TVA)
This program created a long-term safety net for the elderly and unemployed.
What is Social Security
This Hoover program provided emergency loans to banks and businesses
What is the Reconstruction Finance Corporation
This practice involved borrowing money to buy stocks, increasing financial risk.
What is buying on margin
This term described the long lines of unemployed Americans waiting for free meals during the Great Depression.
What are breadlines (or soup kitchens)
This program paid farmers to reduce crop production to raise prices.
What is the Agricultural Adjustment Act (AAA)?
What is World War II
Unlike Hoover, FDR believed the federal government should do these three things to fight the Depression
What is provide direct relief, recovery through jobs, and economic reform
What is overproduction
Known as "Okies", farmers fled west to this state to escape the Dust Bowl in search of jobs and a new start
What is California
This agency insured bank deposits to prevent future bank failures.
What is the FDIC?
Critics of the New Deal argued it did this to the federal government.
What is expanded government power too much
Roosevelt proposed direct aid from the federal government, like providing jobs, while Hoover relied more on this to help Americans
What is rugged individualism / local & private charities
This 1930 tariff reduced international trade and worsened the global economic crisis.
What is the Smoot-Hawley Tariff
World War I veterans who marched on Washington demanding early bonus payments were known as this.
Who were the Bonus Army
New Deal agency set up to stabilize industry through codes that set prices of goods, increase wages (minimum wage) and production
What is the NRA (National Recovery Administration)
Overall, the New Deal changed Americans’ expectations that the federal government should do this
Help protect economic stability and ensure public welfare