This happened as a result of buying stocks on a margin
Stock Market crashed, and people could not repay the loans used to purchase the stocks
Al Capone set the first one up in Chicago giving back to those in need
Soup Kitchens
This New Deal agency built a dam and irrigation system along the Tennessee River to provide electricity to the area
Tennessee Valley Authority (TVA)
creating new government relief programs with his New Deal Legislation
This was the most damaging effect of bank failures
People who deposited money in banks lost it all when they closed
The rapid increase in unemployment led to -
Home foreclosures and homelessness
This New Deal Agency provides retirement benefits to Americans over the age of 65
Social Security Administration (SSA)
What was FDR's plan to make sure his New Deal did not get overturned
The Court Packing Plan
This government agency protects investors and created a fair market while regulating the stock market
Securities and Exchange Commission (SEC)
This happened as a result of the increase of tariffs on international trade
Other nations retaliated by increasing their tariffs and cut US exports
--> led to less markets for US goods
This group of immigrants were discriminated against over competition for jobs on California farms
Mexican Immigrants
--> many were sent home under the Mexican Repatriation Act
FDR explained his New Deal Legislation in terms of these categories -
the 3 R's
Relief - Recovery - Reform
FDR began to reach the American population by giving these weekly radio updates
Fireside Chats
This government agency still protects consumer's savings/bank accounts today
Federal Deposit Insurance Corporation (FDIC)
Overspeculation of the stock market led to -
Prices of stocks falling rapidly
led to businesses and banks failing
These shantytowns popped up and given a unique name to mock the president
Hoovervilles
This New Deal program created jobs building schools, roads, bridges, and public buildings
Public Works Administration (PWA)
Opponents of FDR's Court Packing Plan argued -
it would weaken the separation of powers outlined in the constitution
The overall goal of the New Deal Legislation was to -
to get the US out of the Great Depression - reduce unemployment by providing jobs while completing needed projects
***DOUBLE JEOPARDY**
name all 5 causes of the Great Depression.
no, I will not help you :)
Overproduction - Overspeculation - Buying on a margin - Banking methods/failures - Tariffs on international trade
The Dust Bowl plagued the Great Plains region during the Great Depression, these were the main factors that caused it
Severe drought - poor farming techniques (over-plowing/overcultivation) - high winds
This New Deal agency provides mortgage insurance for single-family homes
Federal Housing Authority (FHA)
**DOUBLE JEOPARDY**
Under FDR's plan - how old did a Supreme Court Justice have to be to allow him to appoint an additional judge?
70 1/2
This New Deal program created jobs for artists, writers, and musicians to create murals and other public artworks as well as build bridges, schools and other public buildings
Works Progress Administration