Cause of the Great Depression
Caused from overproduction and a severe drought.
What is the Dust Bowl?
People no longer had the money to buy goods, causing a decline in supply demands.
What is Businesses closing?
Belief the government should stay out of the economic lives of the citizens.
What is Laissez Faire?
This is Roosevelt's plan to combat the Great Depression.
What is the New Deal?
Was passed to keep a president from being elected for more than 2 terms.
What is the 22nd Amendment?
The stock market was thought to be going up due to individuals taking out loans to invest in the stock market.
What is overspeculation?
People no longer had the money to pay for mortgages?
What is homelessness?
President Hoover passed this law to discourage trade with foreign countries and to promote American Businesses.
What is the Smoot-Hawley Tariff?
This New Deal Program made it easier for home financing and improved housing standards.
What is the Federal Housing Administration (FHA)?
This was created to protect savings by guaranteeing deposits even if banks failed.
What is the Federal Deposit Insurance Corporation (FDIC)?
Banks raised tax rates and people weren't able to pay back their loans.
What is Bank Failures?
Farms weren't able to produce crops causing a food shortage.
What are bread and soup lines?
People started moving into these makeshift camps during his presidency because they lost their homes.
What is Hooversville?
This New Deal Program created jobs for young men to work on land management such as soil preservation and planting trees.
What is the Civilian Conservation Corps (CCC)?
This provides support for the elderly, unemployed and disabled.
What is the Social Security Administration?
Law passed to raise taxes on foreign imports.
What is the Smoot-Hawley Tariff?
People starting moving here to look for economic opportunities.
What is Hollywood (out west)?
President Hoover forcibly sent Mexican Immigrants back to Mexico when he realized that something had to be done regarding job competition.
What is the Mexican Repatriation Act?
This New Deal Program was created to provide jobs in large growing areas such as the Golden Gate Bridge and Hoovers Dam.
What is the Public Works Administration (PWA)?
This ensure a fair market by enforcing rules for investors and businesses.
What is the Securities and Exchange Commission (SEC)?
People panicked and rushed to cash out their investments. Causing a large decline in this.
What is the stock market crash?
This law was passed to reduce job competition.
What is Mexican Repatriation Act?
President Hoover tried to increase this so he could appoint who he wanted to gain full control of the Judicial and Executive branches.
What is the Supreme Court Justices?