The Great Depression
What year did the Great Depression start?
What is the 1929 Stock Market Crash?
Which large financial hub located about a mile south of Manhattan, was largely affected by the 9/11 attacks?
What is Wall Street?
Over 500 of these went bankrupt or out of business during the 2008-2009 Housing Crisis
What are Banks?
As ___________ went into effect, people were stuck in their houses and many small businesses struggled as a result
What is a Lockdown?
Which recession led to the US spending 4.7 trillion in recovery programs?
What is the Pandemic recession?
Which former president implemented New Deal programs to help the US government combat the Great Depression?
Who is FDR?
After the 9/11 attacks, how long was the US stock market shut for?
What is 4 days?
The Housing Crisis lasted close to ______ months, and almost reached the point of a depression
What is 18 months?
________ checks were sent to Americans during the Pandemic to help provide financial support as unemployment rose?
What are Stimulus checks?
In which recession did the United States government step in by giving loans and cash grants to qualifying businesses in Manhattan, and Virginia near the Pentagon?
What is the 9/11 Recession?
What event caused GDP to rise in 1939, and helped the US economy recover long term in addition to the New Deal programs?
What is World War II?
In addition to the 9/11 attacks, what other factor led to this recession?
Many banks made risky loans, and the Fed raised interest rates. In addition, many homeowners had ___________ mortgage rates, causing their monthly payments to rise.
What are Adjustable Mortgage Rates?
Where did the US rank in the Pandemic Economic Recovery table show in class
(Example: Top 25)
The Dodd Frank Act was passed to prevent risky lending after what Recession?
What is the Housing Crisis?
Name the 4 New Deal Programs passed by President FDR during the Great Depression that we covered in class
WPA, CCC, FDIC, Social Security
What two industries/jobs were hit the hardest from the 9/11 recession that we covered in class?
What are Air travel and Insurance Agencies?
Name one of the American banks the went out of business during the Housing Crisis that we covered in class
What are Bear Stearns, New Century Financial, IndyMac, Lehman Brothers?
In 2019, Debt made up 79 percent of the United States' GDP, compared to 2022 when it made up _____%
The _______ led to the creation of a program giving workers monthly checks
What is the Great Depression?
During the Great Depression, around _____% of the workforce was unemployed?
What is 25 percent
Name 2 of the 3 factors that caused the economy to never fully recover after these attacks?
What are the Iraq and Afghanistan wars, improved security and surveillance measures, War on terror policies?
During this Recession the FED lowered interest rates below ______ percent?
What is 1 percent?
On June of 2022, Inflation hit ___%, it's highest in 40 years
What is 9 percent?
Which Recession came the closest to a Depression?
What is the Housing Crisis Recession