Dust Bowl
Why was the Mid West referred to as the Dust Bowl in the 1930s?
Who invested into the stock market?
What political party did FDR run for when he ran for president?
The Democratic party
What was the purpose of the New Deal?
Civil Works Administration
Provided public works jobs at $15 a week to four million workers in 1934.
What are Okies?
People who were from Oklahoma that were displaced because of the Dust Bowl storms.
What caused the stock market crash?
Buying on the margin, bank runs, panic selling of stocks, bank closer, and no government interference.
What was FDR's plan to help Americans through the Great Depression?
The New Deal
What are the 'three R's' of the New Deal?
Relief, Reform, Recovery.
Civilian Conservation Corps
Sent 250,000 young men to work camps to preform reforestation and conservation task. Removed surplus of workers from cities, provided healthy conditions for boys, provided money for families.
Many fled to California and became farm workers where they were abused and taken advantage of.
What is buying on the margin?
When someone doesn't have the money to buy stock they would get a loan from either the bank or a private loan to purchase the stock. After they purchased the stock they would wait to sell it until they were able to make enough profit to pay back their loan and make some profit for themselves.
What were FDR's Fireside Chats?
FDR would use the international broadcasting system to transmit messages to every American through their home radio. He would discuss his plans and polices with his fellow Americans like he was sitting in their living room chatting with them .
How did FDR implement Relief?
By creating the alphabet agencies to give Americans jobs where they would receive money for their work which would allow them to stimulate the economy by using that money to purchase items like food and other necessities.
Distributed millions of dollars of direct aid to unemployed workers.
What are Hoovervilles?
Shanty towns created on the outskirts of cities where the homeless would set up small structures to live in made out of scrap wood, cardboard, or anything they could find to build shelter.
What is the day that the stock market crashed called?
Black Tuesday
What was Roosevelt's court packing plan?
His plan was to raise the amounts of justices that the president would be allowed to appoint to the Department of Justice from 9 to 15. If this was successful he would have loaded the court with justices that would have been in support of his New Deal policies. This attempt was blocked by Congress and unsuccessful.
How did FDR implement Reform?
Through policy change and focusing on government funded relief programs to help Americans and implementing reform in the financial systems to prevent a repeat depression.
Fair Labor Standards Act
Established following- Federal minimum wage; overtime pay (time and a half earners working more than 40 hours a week).
What caused the Dust Bowl?
Bad farming practices and low demand of goods which caused farmers to grow less crops. The top soil was bad from overuse and when they planted less crops the top soil was able to be lifted into the atmosphere and transported all over the Midwest.
What is the date that the stock market crashed?
October 29, 1929
What was one basic purpose of the Emergency Banking Act and the Glass-Steagall Act?
Emergency Banking Act: On 9th March, 1933, Congress passed the Emergency Banking Relief Act which provided for the reopening of the banks as soon as examiners had found them to be financially secure. Within three days, 5,000 banks had been given permission to be re-opened. This restored the public's confidence in the nation's financial system after a weeklong bank holiday.
Glass- Steagall Act: to provide for the safer and more effective use of the assets of banks, to regulate interbank control, to prevent the undue diversion of funds into speculative operations, and for other purposes.
How did FDR implement Recovery?
By bringing the American economy back to normal levels through the New Deal programs.
Works Progress Administration
Employed 8.5 million workers in construction and other jobs, but more importantly it provided work in the arts, theater, and literary projects.