During the Roaring Twenties, Americans first started using this to buy luxury items, which led to the illusion of wealth
credit/installment buying
This president is famous for his fireside chats and the line "we have nothing to fear but fear itself".
FDR
Name for someone who takes risks with their money and is often looking for ways to get rich
Speculator
One impact of the Great Depression was the government passed many new acts and laws to regulate businesses and banks, ENDING this policy that dominated the Roaring 20s
laissez-faire
nickname for the group of WWI soldiers who protested in Washington DC because they wanted the government to give them their benefits
Bonus Army
Believed in Laissez Faire and did NOT want to increase the role of government in helping the needy.
Hoover
Civilian Conservation Corps (CCC), Works Progress Administration (WPA), Public Works Administration (PWA)
These New Deal programs were all meant to provide immediate help with this problem of the Great Depression
Unemployment
The Immediate Cause of the Great Depression
Stock Market Crash (1929)
helped to set up a minimum wage, create a 8-hour work day, and set child labor laws
Fair Labor Standards Act
The nickname for the time period when a President tries to keep their campaign promises and pass new laws/acts at the start of their presidency; this phrase became popular because of FDR
The Hundred Days
Many people blamed this President for not using his power and the government to help provide relief to Americans who were suffering, which also cost him the election in 1932
Hoover
After WWI, businesses started to fail because the demand for their products started to decrease, which led to this cause of the Great Depression
overproduction (surplus of goods)
Federal Deposit Insurance Corporation (FDIC), the Emergency Banking Act, and more regulations by the Federal Reserve were set up to protect the ____________ and prevent another Depression
This president felt that the government needed to be more involved in the lives and business of the citizens - a "new deal" from the way it was.
FDR
Securities and Exchange Commission (SEC)
Farmers were most affected by this event during the Great Depression which blew up dirt and created huge dust storms in the Great Plains states.
Dust Bowl
A lasting legacy of the New Deal was that the ______________ would take more responsibility for the nation's problems instead of just having people deal with it themselves.
federal government
Court-packing scheme