Causes of Great Depression
People purchasing credit was a result of...
Overconfidence
What did Soup Kitchens and Bread Lines provide?
They offered food for homeless people and those struggling during the depression.
What are the three R's of the New Deal?
Relief, recovery, and reform
How did the role of the First Lady change?
The role changed in utilizing its publicity to focus on specific problems in the US
Who was president during the Great Depression?
Herbert Hoover and Franklin D. Roosevelt
What caused Black Tuesday?
The Stock Market failing
What changed in families from the Great Depression?
Health declined and many children died, women managed the household budgets, and men worked - some became "hoboes"
Liberals vs Conservative opinions
Liberals wanted more change, conservatives thought it was a waste.
What groups had trouble getting jobs?
Women and African Americans
Who was the election of 1928 between?
Herbert Hoover and Al Smith
Clash between modernity and fundamentalism led to ___
Banking failures and the Federal Reserve failing to prevent the collapse
Shantytowns
They were towns of shacks where homeless people lived.
Government's opinion of the New Deal
American Liberty League believed it deserted the Democratic govt. and the Supreme Court thought FDR was unconstitutional
How were African Americans treated from the Great Depression?
They were fired if they made the slightest mistakes so that white people could work instead.
Eleanor Roosevelt
She was a First Lady and changed the role's purpose
What caused the Dust Bowl?
Overproduction of goods
Okies
Farm families who traveled to California to look for farm work/land
Explain the three R's of the New Deal
Recovery:immediate financial support, short term
Relief:aides the economy in reviving itself and job opportunities
Reform:preventing an event like this from happening again
Indian New Deal
Funded for the construction of schools and hospitals on reservations, made by John Collier
Herbert Hoover
During his presidency, the stock market crashed and the Great Depression started - he did not do anything to help and continued promoting laissez-faire economics
What is buying on margin?
Paying a small amount of a stock and borrowing the rest to resell and gain profit + repay loan
How did the Great Depression effect people outside of the US?
It dropped world trade by 40%
Court Packing Bill
FDR's attempt to appoint more justices so that the existing ones' votes would be insignificant. Deemed unconstitutional.
Indian Reorganization Act of 1934
It encouraged the practice of Native American customs and restored their control
Franklin D. Roosevelt
Served more than two terms, left during WWII, and created the New Deal