Great Depression 1
What ushered in the Great Depression?
The stock market crash
What area of the country did the Dust Bowl affect?
The Great Plains
What have many historians pointed to that helped bring an end to the Great Depression?
Production during and through World War II
What was the "Bank Holiday"?
Closed ALL banks/ 4 day “Bank Holiday”
Emergency Banking Relief Act- Passed by Congress, allowed only sound banks to reopen, the rest remained closed
One of the main goals of the New Deal
Regulate the Stock Market, Decrease Unemployment, Fix the Banks, Save Farms, Build Infrastructure
DAILY DOUBLE
What protectionist trade policy did Congress pass in 1930 that tried to protect American Industry?
Smoot-Hawley Tariff Act
What 2 underlying issues led to the Great Depression?
Overproduction, high unemployment, massive poverty, buying on credit, unequal distribution of wealth, and Bank Closures
Result of Black Tuesday
businesses went bankrupt, people lost live savings
Reached a new high during Roosevelt's first term in office
The National Debt
What were the New Deal Goals based in (3 R's)?
relief, recovery, and reform
President during the beginning of the Great Depession ?
Herbert Hoover
What was considered the heart of the problem in regards to the causes of the Great Depression?
Bank failures or banks
Frances Perkins
DAILY DOUBLE
What tactic did FDR attempt that gave him a poor public image?
Court-packing
What was the main goal of the Agricultural Adjustment Act?
What is raise prices of farm goods?
What does "buying on margin" mean
paying a small percentage of a stocks as a down payment and borrowing the rest.
Nickname for people leaving the Great Plains in search of work in California?
Okies
How did the New Deal desire to help industry?
stop wage cuts, stop lay offs, provide minimum wage, unions, create jobs
What New Deal Act created public work jobs for young men ?
Civilian Conservation Corps (CCC)
What are Fireside Chats ?
radio speech given by FDR.
What is the date of Black Tuesday ?
October 29, 1929
How long did Great Depression last ? Through what years ?
11 years and 1929-1940
What act provided aid to unemployed people and the elderly ?
Social Security Act
"100 Days" refers to
The first three months of FDR's first term in office
What New Deal policies were found unconstitutional?
National Industries Recovery Act NIRA and Agricultural Adjust Act AAA