Numbers
About how high did the stock market hit before the crash?
*400
Who believed in Rugged Individualism
Herbert Hoover
What is the name of the legislation that promised bonuses sooner to Vets in the 1932?
Putnum Act
What is the name of the program created to make sure that there were no more runs on the banks?
FDIC Federal Deposit Insurance Commission
What is it called when you buy stocks with borrowed money?
buying on margin
What percentage did the stock market drop from 1929 to 1933?
90%
Who won the election of 1932?
FDR (Roosevelt)
What was created in 1935 that gave direct support to the elderly?
Social Security
Banks make money by charging more ____________ to ________________ than they give to ___________
interest, borrowers than they give to depositors
What does it mean to default in terms of the banking?
Not pay off your loan.
About what percentage of Americans were unemployed in the depth of the Great Depression?
25%
Where was the first Hooverville?
Washington D.C.
One act created a government commission to investigate stock market fraud. What is the name of that commission or agency?
Securities and Exchange Commission
When banks lend money to borrowers the money supply _______________
Increases
What was the name of the "army" that protested for a speeded up payment for vets from the government.
Bonus Army
About how low did the stock market fall to?
about 40
Name a state that was hard hit by the Dust Bowl
KS, NE, TX, CO, NM, OK
Name a New Deal law that isn’t the FDIC, SEC, or Social Security
AAA, CCC, WPA, PWA...
When prices in the economy fall, that is called ____________
deflation
What do you call a car with a dead engine that is pulled by a horse.
A Hoover Wagon
About what fraction of banks failed by 1933?
More than a third?
When people fled the Dust Bowl, what state was common destination?
CA
Name 2 of the 3 "r's" of the New Deal.
Relief
Recovery
Reform
How many banks failed in the 1930’s? About:
100 b.1,000 c. 11,000
d. 110,000
c.
Good for a handout