Great Depression 1
What was the spark of the Great Depression?
The stock market crash
What area of the country did the Dust Bowl affect?
The Great Plains
What ended the Great Depression?
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
What was a goal of Hoover Dam and Tennessee Valley Authority?
to provide electricity to rural areas and jobs
Hawley Smoot Tariff Act?
Tax on Trade
What 2 underlying issues led to the Great Depression?
Overproduction and Bank Closures
Result of Black Tuesday
businesses went bankrupt, people lost live savings
Impact of the New Deal
tried to make economy more stable and expanded power of federal gov't
Roosevelt's BRAIN TRUST.
smart people who helped create new deal programs
President during the beginning of the Great Depession ?
Herbert Hoover
What was the name given to people affected by the Dust Bowl and forced to leave their homes from Oklahoma?
Oakies
What were the New Deal's actions
reopened healthy banks, protected savings, regulate stock market
What is a Bank Run?
Panic people ran and got money out of banks
What didi the SEC (Securities Exchange Commission) do?
Regulates Stock Market
True or False: People used loans to play the stock market
True
What was the name people who disliked Hoover called the slums ?
Hoovervilles
True or False: Hoover believed that the Government was responsible to help the people.
FALSE
What is foreclosure ?
cannot pay for home
What are Fireside Chats ?
radio speech given by FDR.
What is the date of Black Tuesday ? Stock Market Crash
October 29, 1929
What did the Civilian Conservation Corps do?
Provided jobs for young men.
What act provided aid to unemployed and retired people ?
Social Security Act
How did the Dust Bowl effect farmers ?
crop prices fell, lost farms, moved
Over speculation ?
playing to stock market for quick money