Causes of the Depression
one way that people in the 1920s bought things they couldn’t afford
Using credit or installment plans
What were “Hoovervilles”?
Shantytowns built by homeless people
What did the CCC (Civilian Conservation Corps) do?
Gave jobs to young men planting trees, building parks, and conservation work
What was “rugged individualism” that Hoover believed in?
People should rely on themselves, not government aid
This company’s first computer was built in a garage by Steve Jobs and Steve Wozniak
Apple
risky activity on Wall Street made the stock market unstable?
Speculation
Why many young men become “hoboes”
They traveled to find work because jobs were scarce
the goal of the Social Security Act
Financial support for the elderly, unemployed, and disabled
Why FDR’s “Hundred Days” was important
Congress passed many major New Deal programs quickly
In this 1993 film, dinosaurs are brought back to life using fossilized DNA.
Jurassic Park
Why overproduction hurt the economy
Factories made more goods than people could buy
Who were called “Okies”?
Migrants, mostly from Oklahoma, who moved west - fleeing from the Dust Bowl
What were the “Three Rs” of the New Deal?
Relief, Recovery, and Reform
The purpose of FDR’s Fireside Chats
To reassure Americans and rebuild trust in banks and the economy
This planet has the most moons in our solar system—over 90 currently identified
Saturn
What happened on “Black Tuesday”
The stock market crashed and caused panic
How high did unemployment get during the early years of the Depression?
Around 25%
What the FDIC protects
Bank deposits of citizens, insurance up to $250,000 per bank
Why FDR’s court-packing plan was controversial
It seemed to threaten the independence of the Supreme Court and was a potential abuse of Presidential power
This gas makes up 78% of the Earth's atmosphere
Why banks were so unstable during the 1920s
They invested depositors’ money in risky loans and speculation
the demands of the Bonus Army in Washington, D.C.
Early payment of promised military bonuses
What did the Glass-Steagall Act do?
Separated commercial banks from investment banks, with the intention that this would make banking less risky
What is Keynesian economics?
The idea that government spending can help restart a weak economy
This animal is the only mammal capable of true flight