The Roaring Twenties & the Crash
This widespread feeling kept Americans from noticing economic problems in the 1920s.
optimism
This system fixed the value of a country’s currency to gold.
the gold standard
These makeshift communities formed when banks foreclosed homes.
Hoovervilles
This president believed in “rugged individualism.”
President Herbert Hoover
These were the three main goals of the New Deal.
1. create jobs and reduce unemployment
2. use government money to jumpstart the economy
3. prevent another crisis from happening again
Buying stocks with borrowed money was known as this risky practice.
buying on margin
This economic policy used tariffs to protect American businesses.
protectionism
One in four Americans faced this condition during the Great Depression.
unemployment
This belief argued Americans should not rely on government help.
rugged individualism
This program provided retirement benefits and unemployment insurance.
Social Security
This occurred when businesses produced more goods than people could afford to buy.
overproduction
This law separated commercial banking from investment banking.
the Glass-Steagall Act
This environmental disaster struck the Great Plains.
the Dust Bowl
This president created the New Deal.
President Franklin D. Roosevelt
This program put young men to work conserving natural resources.
the Civilian Conservation Corps (CCC)
This 1929 event marked the beginning of the Great Depression.
Stock Market Crash of 1929 or Black Tuesday
This act created rules to prevent another stock market crash and regulates stocks today.
the Securities and Exchange Act (SEA)
Many farmers became migrant workers and moved to this state for farm jobs.
California
This program helped businesses and banks but did little to help individuals.
the Reconstruction Finance Corporation (RFC)
This program built dams, provided electricity, and helped lift a region out of poverty.
the Tennessee Valley Authority (TVA)
Name two causes of the Stock Market Crash.
over-speculation, buying on margin, overproduction, high tariffs, or failure of the Federal Reserve
This policy ultimately further harmed the economy during the Great Depression.
protectionism
Local residents often treated migrant workers in this way.
mistreated
Why were Hoover’s policies largely ineffective? (Name one reason.)
that aid was too limited or relied too heavily on volunteers
Name two features of the New Deal.
Social Security, labor rights, federal work programs, farm assistance, or environmental programs