Causes of Great Depression
This took place in 1929 and is considered the start of the Great Depression since many investors lost all of their money as a result.
What is the Stock Market Crash?
What was the name of his plan he created to help improve the economy
What is the "New Deal"
Economic system where taxes are raised very high and government spending is very high resulting in many jobs
What is Keynesian Economics
Relief/Recovery: agency which helped stop the flooding in the Tennessee Valley. ___ ____ A
What is the TVA
This is when the bank took the farmers houses and they were bought back from their neighbors at a low price
What is a penny auction
This President thought that by doing nothing the economy would get better and people should be "rugged individuals" and help themselves.
Who is Herbert Hoover?
What were the 3 "R"s of the New Deal?
Relief, Recovery, & Reform.
Economic system where taxes are lowered creating jobs to stimulate the economy
What is supply side economics
Recovery: Agency paid farmers NOT to grow their crops in order to raise the price of crops. This doubled the prices of Crops before being declared unconstitutional in 1936. ___ ____ A
What is AAA
What would you call a group of cardboard houses or shantys set up in a public park or street alley?
What is a Hooverville/shantytown
What happened to the United States banks after the stock market crash?
Many banks ran out of money and worst forced to close.
What is the FDIC?
What is a flapper
Reform: Agency provided (and still provides today) money for people after they have retired.
What is Social Security
Name 1 way Herbert Hoover was different from FDR
MANY ANSWERS WILL WORK
When a company makes more products (TVs, Cars, Radios, etc) than people are willing to buy.
What is overproduction?
What form of communication did FDR use very well? People said they felt like he was speaking directly to them.
Radio Broadcasts (Fireside Chats)
What is the Scopes Trial
Relief: Agency build public airports, sewers, roads, schools, and other buildings. It spent over 10.5 Billion dollars and employed 3.8 Million men. W ____ ____.
What is the WPA
Name two people who stood against FDR's New Deal
Who is Huey Long, Father Charles Coughlin, Supreme Court
What is it called when you borrow money in order to buy more stock?
What is "buying on margin"
FDR's new deal program did what to the size and scope of the government?
EXPANSION - it gave the government much more power and involvement in the daily lives of Americans.
A mass movement of African Americans from the south to the north
What is the great migration
Relief: This agency hired men ages 18 - 26 learned forestry skills t help improve our national forest and national parks during the 1930's. ___ ____ C.
What is the CCC
Businesses made a 65 percent leap in gains during the 1920s, but workers salaries only increased by what percentage?
8 to 9 percent