Causes of
Great Deprssion
Great Deprssion
Buying on Credit
Little towns consisting of shacks that sprang up throughout the country were called what?
Shantytowns/ Hoovervilles
Who was the president when the Great Depression started?
Herbert Hoover
Who won the 1932 presidential election?
The Great Depression
The most widely used barometer of the stock market was called what?
Dow Jones Industrial Average
What were two ways the poor and homeless were able to get food?
Soup kitchens / Bread lines
Name the major gov't program from Pres Hoover that helped put Americans back to work?
Boulder Dam Project/ Hoover Dam
FDR's weekly radio addresses talking about issues of public concern were called what?
Fireside Chats
Who was the first lady and FDR's wife and known for traveling the country observing social conditions?
The day the stock market crashed is called what?
Black Tuesday
Giving cash payments or food provieded by the gov't directly to the poor is called what?
Direct relief
What act did Hoover pass that helped Americans keep their homes?
Federal Home Loan Bank Act
FDR's New Deal had 3 goals, what were they?
1. Relief for the needy
2. Economic Recovery
3. Financial Reform
What established the highest protective tariff in US history to protect US farmers?
Hawley-Smoot Tariff Act
Paying a small percentage of a stock's price as a down payment and borrowing the rest is called what?
Buying on Margin
What did the government believe was best for the economy at the beginning of the Great Depression?
To do nothing
The WWI veterans that showed up to DC to support the Patman Bill which was payment for WWI were called what?
Bonus Army
What organization was created to provide insurance for individual bank accounts if the bank failed?
FDIC
Name 4 of the 5 states affected by the Dust Bowl.
1. Kansas
2. Oklahoma
3. Texas
4. New Mexico
5. Colorado
What were the 4 major causes of the Great Depression?
1. Tariffs/War debt policies
2. Crisis in farm sector
3. Too easy of credit
4. Unequal distribution of wealth
What was the effect of a major drought and exhausted farm land from overproduction of crops called?
Dust Bowl
What Hoover creation provied $2 Billion in financing for banks, life insurance companies, and railroads in hopes the money would trickle down to average citizens?
Reconstruction Finance Corporation (RFC)
Name the 3 work relief programs under the New Deal.
1. Civilian Conservation Corps (CCC)
2. Public Works Administration (PWA)
3. National Industrial Recovery Act (NIRA)
Name the 2 reason why FDR needed the 2nd New Deal.
1. Economic gains were not as great as expected
2. Unemployment remained high