Vocab
Companies make more goods than people can buy, causing a decrease in sales
Overproduction
FDR funded the New Deal through what?
What is Deficit Spending
This mass produced vehicle completely changed the landscape of transportation in the country
Model T
The three Rs That FDR addressed with the implementation of the new deal
Relief, Recovery, Reform
What method of purchase allowed consumers to purchase goods by paying for them over a set period?
installment plans
Making investments in hope that prices will go up, yielding a quick return on investment
Speculation buying
What nickname was given to farmers who were forced to leave their farms because of the Dust Bowl?
Okies
What was the major source of entertainment and mass communication in the 1920s?
Radio
Insured depositors money that was placed in banks
Federal Deposit Insurance Corporation
What were informal radio broadcast in which FDR explained issues and New Deal Programs to average Americans?
Fireside Chat
A place where alcoholic beverages were sold illegally
Speakeasy
What group of homeless/poor WWI veterans marched on D.C. in 1932 demanding early payment a check Congress promised them?
Bonus Army
The cultural icons of the 1920s who represented a new sense of social freedom for women-characterized by short skirts, bobbed hair and more unconventional life styles-were known as
Flappers
Regulate the stock market
Securities and Exchange Commission
Newly homeless people during the Great Depression built shantytowns called __________________ blaming President Hoover for their situation?
Hoovervilles
The practice of a nation paying out more money than it is receiving
Deficit Spending
Stockbrokers who lend money to investors to buy stocks could issue a _________ to protect their loans.
margin call
What agreement allowed U.S. banks to make loans to Germany to help them pay war reparations following World War I?
The Dawes Plan
1935 law that set up a pension system for retirees, established unemployment insurance, and created insurance for victims of work-related accidents. Also provided aid for poverty-stricken mothers and children, the blind and the disabled.
Social Security
The 18th Amendment, passed in 1919, was designed to:
Ban the sale or consumption of alcohol
The production of large quantities of goods using machinery
mass production
During the Great Depression, charities set up _________ to provide families in need with meals.
soup kitchen/bread lines
President Harding and his close associates from Ohio were nicknamed _________________?
The Ohio Gang
Told farmers what not to grow
Agricultural Adjustment Administration
Name 3 causes of the Great Depression.
1. Speculation in the Stock Market
2. Risky Lending policies
3. Overproduction
4. Low interest rates
5. Falling demand for products