Causes of the Great Depression
Taking out a loan to buy stocks
Buying on Margin
Area of makeshift homes
Shantytowns (Hoovervilles)
Election year
1928 (he was the president when the stock market crashed)
Election year
1932
What year were most of the New Deal programs created
1933
Speculation
Buying stocks without thinking about the risks
Why did people call Shantytowns- "Hoovervilles"
To show their dislike of Hoover
What political party was he a part of
3 R's
Relief, Recovery, Reform
The FIRST thing FDR does when elected into office. He closed ALL banks and called for inspections.
Black Tuesday (10/29/29)
The day the stock market crashed
Dust Bowl
Midwest region of the US that was affected by severe dust storms.
*Dust storms were caused by drought and overproduction of crops.*
"Pulling yourself up by your own bootstraps"
Rugged Individualism
How did FDR communicate with the American people?
Fireside Chats
Deficit Spending
Gov. is spending more than they are receiving in revenue (taxes).
Uneven distribution of income
Bonus Army
WWI veterans who asked the government for their bonus checks. Hoover said no and the veterans decided to camp out at the White House in protest. Hoover responded by sending the army and federal police to send the protestors away.
Court Packing
Supreme Court ruled that some of FDRs New Deal programs were unconstitutional (too much power!). FDR proposed a bill that allow him to add up to 6 justices to the USSC. It failed and was met with a lot of criticism.
Conservative vs. Liberal criticisms of the New Deal
Conservative- Too much gov. power
Liberal- Not enough gov. involvement
Did industry (supply/demand) increase or decrease?
Decreased
Government paying private businesses to hire employees and complete public works projects. Ex- Hoover Dam
Cooperatives
First women in the President's cabinet
Frances Perkins
Official end to the Great Depression
WWII