Causes of the Great Depression
This cause, beginning on October 29th, 1929, contributed to bank failures and industry bankruptcies
Stock Market Crash
This reached 25 percent by 1933.
Unemployment
President that believed that the economy would improve with little government intereference.
Herbert Hoover
This New Deal program employed young men 18-25 for natural resource conservation.
CCC
What ended the Great Depression
WWII
These led to bank failures and caused millions of people to lose their life savings.
Bank Runs
This group of people was affected FIRST and WORST by the Depression.
Farmers
Presidential candidate in 1932 whose campaign slogan promised a "new deal".
FDR
This program paid farmers to farm less in order to raise agricultural prices.
AAA
This is a social system in which the government takes responsibility for the economic well-being of its citizens.
welfare state
This cause left the concentration of money in the hands of a few and left most wage earners unable to buy all of the goods businesses were producing.
Unequal distribution of wealth
Name for shantytowns during the Depression.
Hoovervilles
Conservative
This program employed people to build public infrastructure like roads, bridges and schools while sponsoring arts, writing and theater projects.
WPA
New Deal program that continues to protect bank deposits today.
FDIC
This underlying cause of the Depression led to an oversupply of goods, falling prices, and an increase in people losing their jobs
Overproduction and Underconsumption
Two places that people turned to for meals during the Depression.
Bread lines and soup kitchens.
Political ideology that would call for confiscating income and property from the wealthy and redistributing to the needy.
Radical
Name one program that was ruled unconstitutional.
AAA or NRA
This led to an increasing national debt.
Deficit spending
What were the TWO government policies that made the situation worse?
Hawley-Smoot Tariff and increasing interest rates
Nickname for Dust Bowl migrants.
Okies
Political ideology that proposed higher taxes on corporations and the wealthy to be used to provide services for the needy.
Liberal
Name two programs that still exist today.
FDIC, Social Security, SEC, TVA.
Give one conservative criticism of the New Deal.
Bigger government, higher taxes and national debt, too many regulations, less local control.