Basic Information
How would you describe the United States during the 1930s
Economic Depression
Great Depression
What caused the stock market to crash in 1929?
Speculation
Buying on the margin
Where did many Americans live after they lost their home?
Hoovervilles
CCC- hired young men to work on conservation projects
WPA- hired people to build schools, bridges, post offices, etc...
Why did American's oppose FDR's Court Packing plan?
They believed it would give the President too much power
They believed it would weaken the power of the other branches
What is the name for FDR's radio broadcasts that reassured (comforted) struggling Americans during the Great Depression?
Fireside Chats
How did the Roaring 20s consumerism impact the Great depression?
Overproduction- many products/goods were made but the demand slowed down.
What was Hoover's initial response to the Great Depression at its start?
Rugged Individualism
Laissez-faire
He proposed the Share Our Wealth plan
Court Packing Plan
Judicial Procedures Reform Bill of 1937
In additional to the economic depression, what event also happened in the 1930s that was caused by drought, high winds, and overproduction?
The Dust Bowl
What caused banks to fail during the Great Depression?
Bank Runs
People not being able to pay back their loans
How did overproduction effect the Great Depression?
Less sales and unemployment
Businesses closed down
Why did the Supreme Court rule against some of FDR's New Deal programs like the Agriculture Adjustment Administration?
The Supreme Court ruled they infringed (overstepped) on state's rights
Gives pension funds to retired Americans
Name the Three R's that were FDR's goal for his New Deal programs.
* Relief, Reform, Recovery
What is one mistake of the Federal Reserve that helped cause the Great Depression?
Kept interest rates low
Because many Americans lost their money to the failed banks, they were not purchasing goods like before, this led to high rates of what?
Unemployment
Why was the Securities and Exchange Commission created as a New Deal program under President Roosevelt?
to oversee and regulate the Stock Market to prevent another Stock Market crash.
Why was the Federal Deposit Insurance Corporation created as a New Deal program under President Roosevelt?
To protect people's bank deposits so American's would trust the banks again.
-Believe the government should not interfere in the economy
-Believe the government should not provide direct relief
-It is the responsibility of charities to help people not the government.
Why is the Smoot-Hawley Tariff considered one of the causes of the Great Depression?
Other counties imposed tariffs against American made goods which limited our sales in markets overseas.
What is an effect of job competition during the Great Depression that resulted in the forced deportation of over 400,000 people?
Mexican Repatriation
What is the 22nd Amendment and why was it created?
*22nd- sets 2 term limits for a President AND was created because FDR had 4 terms (12 YEARS!!)
How did the Government change as a result FDR's presidency?
Took on more roles in economy
Became more involved in the economy
Less Laissez-faire