Liberal v Conservative
People that believe in traditional values and minimal interference by the government are known as
Conservative
The official start of the Great Depression occurred on October 29, 1929 and is also known as Black Tuesday. What happened on this day?
The Stock Market Crashed
President Roosevelt created a direct relief program to end the Great Depression by using relief, reform, and recovery known as
The New Deal
What was the main cause of the Great Recession?
Risky home loans by banks
President that created the Great Society?
President Johnson
People that believe it is the governments role to provide to those in need are known as
Liberals
When companies produce too many goods with not enough demand?
President whose attempts at indirect aid during the Great Depression that resulted in homeless camps and opening fire on WWI veterans
President Hoover
Government action that didn't allow banks that made risky loans to fail
Bank Buyout
The main part of the Great Society was to wage a "war" against this issue within the US by providing economic equality
War on Poverty
An individual that agrees with both liberal and conservative ideologies are known as
moderates
Governmental policy in which they attempt to remain "hands-off" on regulating the economy.
Laissez-Faire
The New Deal was criticized for not providing benefits to which groups in the United States?
People of Color
Law passed by President Obama to prevent banks from creating risky loans was known as
The Frank-Dodd Act
Put in place in order to provide medical care and insurance for people in need and the disabled
Medicare/Medicaid
Extreme liberal ideology in which a classless society is created and the people control production
Communist
After Black Tuesday people panicked and removed their money from institutions resulting in a large amount of
Bank Closures
Man-made natural disaster that destroyed farms and forced white farmers to move to the southwest.
The Dust Bowl
Who was not helped by the government following the Great Recession? Who did benefit?
Average American; banks and businesses
Name one action that was meant to provide educational opportunity to marginalized individuals
Job Corps, PBS creation
Fascism
Stock Market term for buying stocks with loans
Buying on Margin
A form of reform in which workers contribute money to provide retirement benefits and aid to the disabled.
Social Security
A law put in place during the Great Depression that was repealed prior to the Great Recession, contributing to the crisis
Glass-Steagall Act
Many Great Society programs were abandoned as a result of the costs of the...
Vietnam War