Banks and Wall Street
What is the name of the famous stock market crash on Tuesday, October 28, 1929?
Black Tuesday
Which President believed that most people should be helped by businesses and charities during the depression?
President Hoover
What is the name for people who don't have jobs?
Unemployment
What is the name of the program that provides income assistance for people when they get older?
Social Security
What is the term for buying stocks on credit?
Margin
Which President passed a New Deal and established government programs in his first 100 days?
President Roosevelt
What happened when banks went out of business during the great depression?
People lost all of their money
How does the government raise money to fund programs?
taxes
What is the term for when people rush to take money out of a bank?
Bank run
Which President had never held elected office and the Great Depression occurred during his first 7 months in office?
President Hoover
Why did the stock market crash cause such a big problem?
Because people borrowed money to buy stocks on margin and lost more money than they had
Which act protects workers to organize for labor unions in the private sector?
National Labor Relations Act
What is the name of the insurance that protects bank deposits up to $10,000
FDIC
Which President established the FDIC and Social Security?
President Roosevelt
What was the Dust Bowl during the Great Depression?
When drought and dust storms destroyed farms in the midwest
Which law established minimum wage?
Fair Labor Standards Act