Great Depression I (Mid)
Buying stocks with borrowed money in hopes that prices would rise is known as what?
Overspeculation
Oct. 29, 1929
What is the day the stock market crashed.
Black Tuesday.
This agency gave young adults employment to work on various conservation projects.
What is the Civilian Conservation Corps. CCC.
What was the major criticism of the New Deal?
Its cost, or deficit spending.
High winds and drought hit the country's farm belt and led to this:
Dust Bowl
This insures money that is deposited into banks.
What is the FDIC. (Federal Deposit Insurance Corporation)
What inexpensive form of entertainment became hugely popular during the Depression?
Motion pictures/Movies
What tariff raised taxes on imported goods and caused other countries to retaliate, worsening the Depression?
Smoot–Hawley Tariff
What were the 3 R's?
Relief
Reform
Recovery
Another term for homeless camps that sprang up during the Great Depression.
Hoovervilles.
This agency brought electricity to the Tennessee Valley and built dams.
What is the TVA. (Tennessee Valley Authority)
The name for the people who fled the Dust Bowl for California.
Okies
What was it called when panicked Americans rushed to withdraw their money from banks?
Bank runs
The Supreme Court declared that some of the New Deal's programs were unconstitutional. What was FDR's plan to get around this?
He tried to pack the Supreme Court
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.
What is the AAA. (Agricultural Adjustment Administration)
What was it called when Mexican nationals and Mexican Americans were forced out of the U.S.?
Mexican Repatriation
He wrote the Grapes of Wrath
(The Grapes of Wrath was about a family fleeing the Dust Bowl.)
John Steinbeck
What was the lasting impact of the New Deal?
It increased the power and scope of the Federal Government.
It led to the Government taking a larger role in people's lives.
Mexican-Americans were deported en masse during the Great Depression. What was this called?
Mexican Repatriation.
This regulates the Stock Market to this day.
The SEC (Securities and Exchange Commission)
The name for unemployed people who rode trains looking for work?
Hobos