Causes of Great Depression
Why did most Americans want to invest in the stock market in the 1920s?
What was the name of all of the actions that FDR took to to help improve the economy?
The New Deal
Relief/Recovery: agency which helped stop the flooding in the Tennessee Valley. ___ ____ A
What is the TVA
What is a breadline?
A line unemployed American would stand in hoping for assistance from the government, usually in the form of food.
This President thought that by doing nothing the economy would get better and people should be tough and help themselves.
What were the 3 "R"s of the New Deal?
Relief, Recovery, & Reform.
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 makeshift houses or shantys set up in a public park or street alley?
Hooverville/shantytown
What happened to the United States banks after the stock market crash?
Many banks ran out of money and were forced to close.
This new deal organization helped people trust the banks by providing deposit insurance.
Federal Deposit Insurance Corporation (FDIC)
Reform: Agency provided (and still provides today) money for people after they have retired.
What is Social Security
Why did Americans call shantytowns "Hoovervilles"?
To shame President Hoover for his inaction
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)
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
Who were "Okies"?
People leaving the Midwest (often Oklahoma, but some other states as well) to escape the problems caused by the Dust Bowl.
Why did the stock market go up a SMALL amount on Friday, October 25th 1929?
Because investment companies and big bankers tried to re-buy the stocks they had sold
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.
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
What was the name of the drought that caused many farmers in the great plains to have terrible harvests in the 1930's?
The Dust Bowl