Causes of the Great Depression
What happened on Black Tuesday in late October 1929?
Stock market crash and prices fell drastically
What was the Dust Bowl?
An area of the Great Plains that experienced great drought and dust storms.
Who was elected President during the Great Depression?
Franklin D. Roosevelt
What was the New Deal?
FDRs series of programs to help with problems of GD
What were Hoovervilles? Why were they called that?
Shanty towns, Hoover did little to help.
What happened to many banks during the Great Depression? Why?
They closed as many people began to withdraw their money and did not have it all on hand.
Name TWO hardships or problems that existed in the US during the 1920s.
Uneven distribution of wealth, buying on credit, overproduction of goods, speculation in stock market
Who was the incumbent Republican candidate in the 1932 election?
Herbert Hoover
What were the three R’s that FDR promised with the New Deal? Define them.
Relief, Reform, Recovery.
Many Americans were buying goods using THIS during the 1920s.
Credit or Installment Plans
Describe how everyone was impacted by the stock market crash.
Those who lost money in stocks, decline in confidence, loss of jobs, banks closing, etc.
What were 4 hardships shown in the movie Cinderella Man?
Having to send kids away, lost money in the stock market, had to move out of home, cannot get a job….
Describe how both Hoover and FDR viewed government involvement.
FDR: more involved to help with society problems. Hoover, little involvement.
What is the Federal Depository Insurance Commission? What did the FDIC do?
Protect people’s money in the banks up to a certain limit. Restored confidence in banks.
This program gave jobs to young men building parks and forests.
Civillian Conservation Corps
How would you most accurately describe the condition of the stock market in the 1920s?
Rising
What is true of immigration at this time? Why?
More people left the US than came in. First time in the history of the US
What would be the best description of a Demagogue?
Someone who tried to rally and get a group of people together to fight against some evil (like Jim’s friend in the Hoovervilles, like groups striking, rallying for communism against government, etc.)
What are TWO things provided by the Social Security Act?
Old age pensions, unemployment insurance, aid for dependent children.
This agency created jobs by building roads, bridges, and schools.
Works Progress Administration
Define speculation and how that helped cause the Great Depression.
Thought that cannot be lost in stock market rather than companies actually doing better.
List 5 things that immediately happened with the stock market crash.
Lost jobs, companies closed, unemployment soared, farm prices dropped, everyone suffered.
What was Roosevelt's famous quote in his inaugural address?
"The only thing we have to fear is fear itself"
Describe the Securities and Exchange Commission Act (SEC).
Agency created to regulate the stock market and protect investors.
Explain how the New Deal impacted the Great Depression
Although it did provide relief for Americans and stability for certain industries, the New Deal did not end the Great Depression.