Causes
What was the first day of the stock market crash?
Black Thursday
What is the nickname for homeless villages?
Hoovervilles
What is the New Deal program that regulates the stock market?
Securities and Exchange Commission (SEC)
How did FDR communicate with the American people?
Fireside chats (radio)
What is the name for the area in the Great Plains that suffered from severe drought?
Dust Bowl
What is it called when people borrowed money to buy stock?
Buying on margin
What percent of Americans were unemployed at the height of the Great Depression?
25 percent
What are the three parts of FDR's New Deal?
Relief, Recovery, Reform
What negative effect resulted from the large amount of spending on New Deal programs?
Debt / Deficit
How many times did FDR get elected?
4
What is it called when people risk their money in an investment, hoping to make a high reward?
speculation
About what percent of banks closed at the height of the Great Depression?
25%
What is the New Deal program that is affected by the number of baby boomers retiring?
Social Security Act
What governmental principle did Roosevelt's court packing plan threaten?
Separation of powers; checks and balances
What officially ended the Great Depression?
WWII
What did many banks do with depositors' money during the 1920s, which is illegal today?
Invest in the stock market
What were farmers who lost their farms and moved west called?
migrant farmers (Okies, Arkies)
What did the AAA try to fix when it ordered farmers not to produce or to destroy crops? (when supply outweighs demand)
Overproduction
Name one group of Americans that were unhappy with the New Deal
Wealthy Americans; large business owners; Republicans
What political parties did Hoover and FDR belong to?
Hoover - Republican FDR - Democrat
What is the nickname for the Republican economic plan that only increased the gap between rich and poor?
What THREE factors which led to the destruction of many farms in the midwest?
drought, overuse of soil, high winds
What were TWO ways that FDR tried to help banks and bank depositors?
FDIC and bank holiday
What was added to the constitution shortly after FDR died?
22nd Amendment
Who is the current Russian leader and what country is he currently invading?
Putin; Ukraine