Causes of the Great Depression
What was the Federal Reserve Monetary Policy?
They raised interest rates and failed to help struggling banks
What were Hoovervilles?
Makeshift homeless camps named after President Hoover.
What were the three goals of the New Deal?
Relief, Recovery, Reform.
Who was a prominent critic of the New Deal, advocating for "Share the Wealth"?
Senator Huey Long
Who was president during the start of the Great Depression?
Herbert Hoover.
What was Black Tuesday, and when did it happen?
The stock market crash on October 29, 1929.
What caused the Dust Bowl?
Over-farming, drought, and soil erosion in the Great Plains.
Which New Deal program provided jobs for young men in conservation projects?
The Civilian Conservation Corps, or CCC.
What was FDR’s "court-packing" plan?
A proposal to add more justices to the Supreme Court to support his policies.
Which president introduced the New Deal?
Franklin D. Roosevelt.
Why did the Smoot-Hawley Tariff hurt the economy?
It led to retaliatory tariffs from other countries, reducing international trade.
Why did many Americans rely on breadlines and soup kitchens?
Unemployment and lack of money for food.
What was the purpose of the Federal Deposit Insurance Corporation (FDIC)?
To insure bank deposits and restore trust in the banking system.
What is a long-term legacy of the Social Security Act?
It provides financial assistance to the elderly, disabled, and unemployed.
What was the purpose of the Tennessee Valley Authority (TVA)?
To provide electricity to rural areas and create jobs through dam construction.
What happened to banks during the Great Depression?
Banks failed because they invested in risky stocks, and people lost their savings.
Who were the "Okies," and where did they go?
Farmers from Oklahoma who migrated to California in search of work.
What was the Social Security Act?
The Social Security Act provided assistance to the elderly, unemployed, and disabled.
Why did some conservatives oppose the New Deal?
They believed it expanded government power too far and regulated businesses excessively
How did movies and music help people during the Great Depression?
They provided hope and an escape from daily struggles.
What is "buying on margin"?
Borrowing money to purchase stocks.
What is one reason so many families lost their homes during the Great Depression?
Foreclosures due to unemployment and unpaid mortgages.
What were FDR’s fireside chats, and why were they important?
Radio broadcasts where FDR explained policies and reassured the public.
What impact did the New Deal have on the federal government’s role in the economy?
It greatly expanded the government’s role in regulating and supporting the economy.
Name two actions FDR took during his first 100 days in office.
Declared a bank holiday, passed the Emergency Banking Relief Act, and launched the New Deal.