Key Terms
The term for the day the stock market crashed in 1929
What is Black Tuesday
Causes of Hoovervilles
What are homelessness, unemployment
Name one non Alphabet Soup program created by FDR (think banking reform)
What is the FDIC, SEC, FLSA, SSA
What happened to many banks after the stock market crash
What is many closed due to lack of funds
Many families did this to cope with the economic difficulties of the Great Depression
What is developed habits of saving and thriftiness?
The term for the arrangement to buy now and pay later
What is credit?
Economic condition that caused the Great Depression that is not necessarily bad, but was done at risky levels in the 1920s.
What is buying on credit?
Created in 1932, ensures your money in case of a bank failure.
What is the FDIC?
The cause of the quick bank failures right after Black Tuesday
What are bank runs?
What are Hoovervilles?
Little towns consisting of shacks during the Great Depression
What is Hooverville/Shantytown
Bad farming techniques, "Okies" fleeing to California
Social Security gives money to these three groups?
What are retired workers, disabled people, and dependents of deceased workers?
Groups of people who were left out of New Deal programs including Social Security
What is the unemployed, domestic servants, cash farm tenants, and sharecroppers, all of which were more likely to be Black?
A place many people fled in search of opportunity
What is California?
The time when the economy plummeted and unemployment skyrocketed
What the Federal Reserve Bank of NY did to cause the Stock Market Crash
What is increased interest rates, making it harder for people to take out loans.
FDR visited people employed by this project who were planting trees and fighting forest fires
What is the CCC
The economic cause of this chain reaction: Prices drop, businesses cut costs by laying off workers. People without jobs can’t afford to buy anything, so inventories build up and prices drop more.
What is deflation?
Many people sent her letters in search of help
Who is Eleanor Roosevelt?
What is the Bonus Army?
Cause of the Great Depression related to international trade policies
What are high tariffs?
Two "alphabet soup" projects that employed people to improve infrastructure
Destroyed the livelihoods of many farmers living in the Great Plains
What is the Dust Bowl?
FDR's attempt to judicially sustain his relief programs like the NRA and the AAA
What is court packing?