Causes & Effects of The G.D.
Overproduction, underconsumption, and laissez-faire policies.
What are causes of the Great Depression?
Tiny shacks which housed the homeless and unemployed.
What were Hoovervilles?
The beginning of FDR's 4 terms in office.
What was 1933?
FDR’s New Deal programs affected the government’s role in the economy by embracing this policy.
What is hands-on government?
Resulted in the deportation of 1-2 million Mexican and Mexican Americans.
What is the Mexican Repatriation Act?
25% or higher.
What was the unemployment rate in 1933?
This policy, embraced by presidents Harding, Coolidge, and Hoover, increased wealth inequality in the United States.
What is laissez-faire?
FDR convinced Americans to trust the government and economy by doing this.
What are fireside chats?
He criticized FDR for failing to redistribute the wealth in the United States?
Who is Huey Long?
Continue with our hands-off approach. Let alone, the free-market economy would fix itself.
What is the conservative method?
deregulation, buying on credit/margin, banks, artificially inflating....
What are reasons why the stock market boomed during the 1920s.
Hoover's attempt to use government funds to help failing banks and businesses.
What is the Reconstruction Finance Cooperation?
Relief, Recovery, and Reform.
What are the New Deal's 3 goals?
The New Deal programs such as the National Recovery Act, The Federal Housing Authority and the Civilian Conservation Corps have all been criticized for hurting instead of helping which Americans.
Who are African-Americans?
This belief differed from classical liberalism in that it argued that governments were not JUST responsible for individual freedom but also economic security.
What is New Deal Liberalism?
An increased tax on imports.
What was the Hawley-Smoot Tariff Act?
Hoover mainly called this group to provide relief for Americans.
Who are charities?
This act established a system that provided old-age pensions for workers, survivors benefits for victims of industrial accidents, unemployment insurance, and for dependent mothers and children, the blind and physically disabled. It exists to this day as the nation's most important and expensive domestic program.
What is the Social Security Act?
This global event followed and helped to end the Great Depression.
What was World War II?
This economic theory suggests if governments create an environment that enables businesses to do well through deregulation and lower taxes. The money business owners earn will eventually benefit the poor and working class.
What is trickle-down economics?
A devastating drought full of huge dirt storms during the 1930's.
What is the Dust Bowl?
A belief that justified relying on private enterprise and hands-off government to improve economic conditions.
What is rugged individualism?
FDR’s first major action during his administration.
What was the bank holiday?
The___is responsible for its citizen's well-being.
What is the government?
A progressive tax system.