Causes
What is the name and day the stock market crash?
October 29, 1929 - Black Tuesday
WWI veterans who marched in Washington to receive bonus checks from WWI
Bonus Army
Who created the New Deal to help improve the economy?
FDR
Part of the New Deal plan that set up codes of hiring plus wage and price controls
National Recovery Act (NRA)
F.D.R. served this many terms in office
4 terms
What is underconsumption?
When too many goods were produced and there was not enough demand for those goods
This president was blamed for all problems during the depression.
Herbert Hoover
What did the three R's stand for in the New Deal's program?
Relief, Recovery, Reform
What was the name of the drought that caused many farmers in the great plains to have terrible harvests in the 1930's?
The dust bowl
The event where Banks were shut down across the nation to examine their financial status was
Bank Holiday
What is it called when you borrow money in order to buy more stock?
Buying on margin
FDR's theory to increase government spending to help production and people was known as
The Pump Priming Theory
This Act in 1935 provided (and still provides today) money for people after they have retired.
Social Security Act
A proposal introduced during the 1930s by President Franklin D. Roosevelt, which would allow a President to expand the number of Supreme Court justices. He hoped that such a strategy would establish support for his New Deal programs
Court Packing Plan
This event officially ends the great depression
The distribution of income was
Unequal
What would you call a group of cardboard houses set up in a public park or street alley?
Hooverville
What did the CCC, PWA, and WPA all have in common?
Period between 1929 and 1941, when unemployment rose to record high of 25%
Great Depression
Violated checks-and-balances and separation of powers
What was the percent of people unemployed during the height of the depression?
~25%
Hoover's theory suggesting that tax breaks and financial benefits for corporations and the wealthy stimulate economic growth, ultimately benefiting the lower and middle classes through job creation and higher wages was the
Trickle Down Theory
What raised national debt?
Deficit Spending
Strong self-reliance, individuals can overcome the difficulties of the depression
Rugged Individualism