Causes of the Great Depression
an event on October 29, 1929 when stock prices suddenly dropped, causing panic.
Black Monday
"Shanty Towns" or homeless settlements of Americans near major US cities, caused by the Presidents inaction
Hoovervilles
a period of severe dust storms that damaged farmland in the 1930s.
The Dust Bowl
The President that created the New Deal was
Franklin D. Roosevelt
How did the Great Depression affect jobs?
Millions of Americans lost their jobs
When people buy stocks with borrowed money
Buying on Margin
A failure of President Hoover to increase taxes on goods imported to the US from other countries that ended up making the depression worse
Smoot-Hawley Tariff
Why did farmers leave their land during the Dust Bowl (name one major reason)
illness, death, famine
Relief, Reform, and Recovery
One impact of the Great Depression on families
Could not afford food, housing, many fathers abandoned their families, children were sold or abandoned
Bank Failures
a group of World War I veterans who marched on Washington, D.C., asking for early payment of their bonuses who were attacked by the US military
The Bonus Army
Mexican-Americans were forced to leave the U.S. during the Depression, even if they were citizens.
Repatriation
The Social Security Act was put in place to provide support for the elderly and disabled and the FDIC which insured American bank deposits are an example of which three R's of the New Deal
Name one of the groups that were discussed in class that suffered more than the average American during the Depression
The 1920s Republican economic strategy of being hands off on business
Laissez-Faire
Hoover believed in this 1920s political belief about the economy that is hands off
Laissez-Faire
Name one state that was most impacted by the Dust Bowl
A program that put Americans to work and gave them money to get by such as the CCC and WPA are an example of which of the New Deal's three R's
Relief
Name one of the reform programs that were put into place by FDR's New Deal that still exists today
FDIC, Social Security, SEC (I'll accept SEA)
When farmers produced too much food and were not able to sell enough to make a profit
overproduction and underconsumption
The only success of Hoover's attempt at stopping the depression that helped banks and businesses by lending them money
The Reconstruction Finance Corporation (RFC)
The connection between the Dust Bowl and Repatriation is that
Mexican-Americans were kicked out of the United States to give land and jobs to White Americans that fled the Dust Bowl
Name one of the negatives that some Americans felt of the New Deal
too much money, discrimination, some parts were unconstitutional, raised taxes, did not help the wealthy
Since the Great Depression, the US government has usually gone against Laissez-Faire policies of the 1920s, this means that the US government has ________ of a role in helping people and the economy
more