People
The president who came up with the New Deal.
Franklin Roosevelt.
The 3 ways FDR worked to end the Depression
The 3 R's- Relief, Recovery, Reform
Oct. 29, 1929 (Black Tuesday) is important because
The day the stock market crashed
This agency gave young adults employment to work on various conservation projects.
Civilian Conservation Corps.
What are Hoovervilles
By naming the shantytowns/encampments “Hoovervilles,” Americans were blaming the effects of the Great Depression on President Herbert Hoover and his mishandling of the response to the crisis.
The President at the start of the Great Depression.
Herbert Hoover.
When large numbers of anxious people withdrew their deposits in cash, forcing banks to liquidate loans and often leading to bank failure
Bank Run
High winds and drought hit the country's farm belt.
The Dust Bowl.
This insures money that is deposited into banks.
FDIC. (Federal Deposit Insurance Corporation)
This was as high as 25% in American during the Great Depression.
Unemployment levels
This is how the president at the start of the Depression believed the Depression should be handled
Up to the wealthy & charity, not the federal government. He downplayed the fear of Americans.
FDR's proposal to reorganize the federal judiciary by adding a new justice each time a justice reached age 70 and failed to retire (goal- more justices to support his New Deal programs). It was not passed by Congress.
Court Packing
How did the stock market crash affect the country?
Banks lost money on their investments.
Speculators defaulted on their loans.
People lost confidence in the banking system.
This agency brought electricity to the Tennessee Valley to try and reduce effects of poverty in the region.
TVA. (Tennessee Valley Authority)
Define "recovery"
To assist in improving nation's economic situation
They believed that the New Deal was overstepping government boundaries and limiting civil liberties.
Conservatives.
The four day period instituted by FDR that allowed the government to inspect banks to see if they were healthy enough to reopen (goal- limit future bank failures).
Bank Holiday
WWI army veterans that went to Washington to get a promised bonus.
The Bonus Army.
This agency paid farmers NOT to farm some of their land.
AAA. (Agricultural Adjustment Administration)
Define "relief"
To help those suffering from issues related to poverty (financial assistance, job support)
Who are the Okies and why do they have this name?
Those that were suffering from the effects of the Dust Bowl in the Great Plains and forced to migrate west in search of work. About 20% of the migrants came from Oklahoma.
Impact of the New Deal on government
Increase in power of the federal government (especially the executive branch)
Complete the cycle: People could not afford to pay back their loans ---> They could not afford to purchase goods--->________by employers ---> High unemployment rates
Mass layoffs
This helped establish a minimum wage, set working hour limits, and allowed for unions to bargain collectively. Later, it was declared unconstitutional.
NRA. (National Recovery Act)
How did FDR address the nation regarding what was going on in society?
Radio (fireside chats)