In his first inaugural address: "Let me assert my firm belief that the only thing we have to fear is fear itself!"
Who is Franklin Delano Roosevelt?
This "ism" comes from the mind of the German philosopher Karl Marx who argued for a society in which all property is publicly owned and each person works and is paid according to their abilities and needs.
What is Communism?
It is described as the general upward movement in the price of goods and services in an economy.
What is Inflation?
This was a Government Program set up by FDR with the goal of giving young men a job replanting trees and building reservoirs.
What is the Civilian Conservation Corps (CCC)?
What are Dividends?
A very famous trial defense lawyer: "You can only protect your liberties in this world by protecting the other man's freedom."
Who is Clarence Darrow?
These are the three branches of government in the United States
What are the Legislative, Executive, and Judicial.
In a campaign speech from 1928 :"It is just as important that business keep out of government as that government keep out of business..."
Who is Herbert Hoover?
This "ism" thrives on competition and it puts control of the free market into the hands of private individuals and businesses.
What is Capitalism?
This economic phenomenon outlines a general downward movement in the prices of goods and services in an economy. There is less money circulating in the economy.
What is Deflation?
This was an Act that was designed to establish economic security for older and unemployed citizens.You can collect this money when you turn 62!
What is the Social Security Act!
By playing the Stock market this way, investors take a big risk. It involves buying stocks with the hopes of selling them quickly for a profit.
What is Speculation?
While at a party, a women approached this president and said "I bet I can get you to say more than two words tonight. His response :"You lose."
(today's bellringer)
Who is Calvin Coolidge?
This judicial body found aspects of FDR's New Deal to be unconstitutional!
What is the Supreme Court?
With regards to himself and his literary peers: "We are all a lost generation..."
Who is Ernest Hemingway?
It is the idea that advocates that the means of production, distribution, and exchange should be owned or regulated by the community as a whole.
What is Socialism?
It is the economic model that assumes that average working people will spend rather than save and that business will hire more people to increase production to meet the new demand!
What is Keynesian Economics?
This New Deal program was created in 1933 to help provide electricity to an impoverished region in the South . These weren't "Volunteers," the government paid these workers.
What is the Tennessee Valley Authority?
It is the term that describes people purchasing a stock by making a down payment and borrowing the remaining cost by obtaining a loan through a bank!
What is Buying on the Margin?
He said this: “I am not fit for this office and never should have been here.” He was soon relieved of his duty, as he died not long after saying this!
(today's bellringer)
Who is Warren G. Harding!
FDR would address the nation directly through the radio. These broadcasts were called this warm and cozy phrase.
What are Fireside Chats?
With regards to a famous trial: "The case was never about me. I furnished the body that was needed to sit in the defendant’s chair...."
Who is John Scopes?
This "ism" means being a strong supporter of the rights and interests of one's country. It often is associated with a sense of superiority over other countries and historically had led to prejudice of outsiders.
What is Nationalism?
It is the word that is covered up by the red box in this business model graphic.
What is "Recovery?"
What are Relief, Recovery, and Reform?
It is when one person’s spending becomes income to another person, who in turn can spend more and add to the income of others. This effect can be dangerous when it works in REVERSE!
What is the Multiplier Effect?
He is the author scene here. He was pretty "Great."
Who is F. Scott Fitzgerald?
It is the number of times FDR was elected PRESIDENT! No other president in American History will ever top it!
What is four?
With regards to economics: "In the long run we are all dead!"
Who is John Maynard Keynes?
This "ism" was criticized by the Lost Generation authors. The term describes the idea of Americans spending money and buying luxury products in outrageous amounts.
What is Consumerism or Materialism?
Hoover's "let it be" economic response to the Great Depression can be summed up with this French phrase.
What is "Laissez Faire?"
This New Deal program employed millions of job-seekers to carry out public works projects, including the construction of public buildings and roads and airports.
What is the Works Progress Administration?
One way to track the economy is to measure the CPI, which stands for this_____________.
What is Consumer Price Index?
He wrote this brief poem:
What happens to a dream deferred?
Does it dry up
like a raisin in the sun?
Or fester like a sore—
And then run?
Does it stink like rotten meat?
Or crust and sugar over—
like a syrupy sweet?
Maybe it just sags
like a heavy load.
Or does it explode?
Who is Langston Hughes?
He is the current Chief Justice of the Supreme Court?
Who is John Roberts?