Causes of the GD
Life during the GD
New Deal: Relief
New Deal: Recovery
New Deal: Reform
Government and The GD
100
What happened on Black Tuesday, October 29, 1929?
The stock market crashed
100
President Hoover did little to combat the Great Depression because he ran on a policy of letting the economy run its own course without interference from the government. What is this policy called?
Laissez-faire
100
One of the first things that FDR declared when he took office was a 'bank holiday'. What was this and why did he do it?
It shut down all the banks and would only allow the banks who were finacially stable to re-open. This would give Americans more confidence in banks.
100
What were "Recovery" programs all designed to do?
Get the economy back on its feet
100
What were Reform programs designed to do?
To set up safety nets in place to prevent another Depression-like event from happening in the future
100
A
200
C
200
D
200
What is a bank run?
When everyone rushes to the bank to pull out their money and the bank fails because it doesn't have everyone's money all at once.
200
The National Labor Relations Act, known as the Wagner Act, gave workers the right to form ______, to bargain collectively, and to submit their grievances to the National Labor Relations Board.
Unions
200
This act provides retirees with a steady flow of income so they do not need to worry about working in their final years
The Social Security Act
200
D
300
B
300
This was the name given to the run-down shantytowns that many Americans were forced to live in during the Depression due to poverty.
Hoovervilles
300
A
300
This agency was created to make sure banks had insurance, in case everyone tried to withdraw their money at once and cause the bank to fail. It's still around today. You'll hear it at the end of commercials: "Member _ _ _ _"
Federal Deposit Insurance Corporation (FDIC)
300
B
400
D
400
Who felt that Americans could rely on their "rugged individualism" to get through the depression? He felt Americans were resiliant enough to pick themselves up by the bootstraps and deal with the Depression without help from the government.
Herbert Hoover
400
This program from 1935 increased employment by creating new public works projects, such as building schools, roads and bridges, as well as creating murals and statues.
The Works Progress Administration (WPA)
400
Despite FDR's Recovery programs, the U.S. _________ rate peaked in 1935 and never fully fell down to its pre-Depression rate until after the U.S. enters WWII.
Unemployment
400
This agency was created to monitor the stock market, prevent fraud and make sure everybody was playing by the rules. It's still around today
The Securities and Exchange Comission (SEC)
400
D
500
C
500
What was the "Bonus Expeditionary Force" or "Bonus Army"? What did they want and what did they get?
WWI veterans who were promised to receive bonus money in 1935 but demanded it earlier due to the Depression. They were not given their money and Hoover used to army to disperse the veteran protestors.
500
B
500
This program was designed to help industry recover from the Depression by increasing prices and reducing wasteful competition. All businesses and companies in the same industry were asked to cooperate in drawing up a "code of fair practice"
National Recovery Act/Administration (NRA)
500
FDR received criticism for his "court-packing" plan in the 30s. What did he try to do and why was he criticized?
He tried to add 6 more Supreme Court justices that would pass the programs that Congress was shooting down. It seemed like he was trying to give himself more power to override the checks and balances system of the government
500
D