Stock Market/Banks
What year did the stock market crash?
1929
What caused the Dust Bowl?
drought, high winds
What impact did the Great Depression have on unemployment?
majority of americans were jobless, a huge spike in unemployment
What is court packing?
An attempt by FDR to get rid of 6 Supreme Court Justices and replace them
What do the 3 Rs stand for?
Relief, Recovery, Reform
What led to the Stock Market Crash of 1929?
buying on margin
stock speculation
Why did farmers originally move to the Great Plains?
the promise of land for cheap prices
Why were shantytowns called Hoovervilles?
Because Hoover's responses were too-little-too-late, his programs didn't help the people affected by the Great Depression
Why did FDR want to add Supreme Court Justices?
Because the original Supreme Court continued to declare his programs unconstitutional
List 3 causes of the Great Depression
stock market crash, dust bowl, buying on margin, speculation of the stock market, overproduction
After the Great Depression, how did the government try to prevent bank failures?
What author documented the living conditions of the Great Depression and what was the name of his book?
John Steinbeck, Grapes of Wrath
What is the purpose of the Social Security Administration?
a program created during the Great Depression to help people save money for the future (retirement specifically)
How many Supreme Court Justices are there?
9
How did the policies of FDR differ from previous presidents?
He was much more hands-on, passed more legislation in his first 100 days than many passed in their entire term, increased government involvement in the public's lives
What was the purpose of the Securities and Exchange Commission?
created to keep the stock market from failing again, prevent fraud
How did the Great Depression impact immigrants living in the US?
Mexican Repatriation Act, many people were distrusted and a lot were kicked out
Why did Hoover refuse to provide funds to people during the Great Depression?
lassiez-faire government, trickle-down economics, belief that the economy would fix itself
What policies did FDR implement in reaction to the New Deal?
alphabet soup laws, FDIC, AAA, PWA, WPA, SSA, etc
public works programs, programs to help the people
What did the 22nd Amendment do?
put an official limit on how long a president can serve (only 2 terms/8 years)
What was the purpose of the Federal Reserve Act of 1913?
banks can print money, help stabilize the economy
What were the farmers who moved to California during the Dust Bowl called?
Oakies
What percentage of people were unemployed during the Great Depression?
25%
Who was president during WWI?
Woodrow Wilson