Team 1
The ____ was an agency formed to insure bank deposits up to a certain amount?
FDIC
Set a new national farm policy, providing that farmers be paid to limit the production of crops and livestock?
Agricultural Adjustment Act
what Act allowed the government to collect Social Security taxes from all workers and pay government pensions to retired people and disabled people?
Social security act.
What project did Herbert Hoover start in order to provide jobs?
The Hoover Dam
The New Deal stressed Relief, Recover, and _______?
REFORM
What happened on black tuesday?
The stock market crashed in 1929
What is it called when you spend more money than you have?
Deficit Spending
was the stock market crash the cause for the great depression?
No
What are the three r’s?
RELIEF, RECOVERY, & REFORM
Not Enough Buyers, Too Much Debt, Over-Speculation in Stocks, Over Production & Layoffs, Farming Crisis, Government Mistakes are all primary causes for what?
the great depression
What ended The great depression?
WW2
why did banks have trouble as a result of the stock market crash?
they had made loans to stock market speculators that could never be paid off.
What problem were both the Civilian Conservation Corps (CCC) and the Works Progress Administration (WPA) developed to address?
High unemployment
What did the Federal Emergency Relief Association (FERA) do?
FERA helped fund local relief efforts.
FDR wanted to avoid government handouts so he created the _______
Public Works Programs
What is Margin Buying?
Buying on margin is borrowing money from a broker to purchase stock.
The stock market crash and the dollar’s rapid decline in value, resulted in many Americans to conduct “runs” on which of the following?
Banks
What did the Wagner act do?
Guaranteed the right of workers to join labor unions.
Who won the Election of 1932?
Democrat Franklin Delano Roosevelt (FDR)
what percentage of families lived in poverty before the stock market crash?
40%