Great Depression 1
True or False: A depression is a time when industry is booming and almost all people are employed.
What is false?
The unemployed and poor often lived in "shanty towns." They were often referred to as.
What are Hoovervilles?
He was the United States president during the early years of the Great Depression.
Who is Herbert Hoover?
True or False...Hoover didn't set up government programs to help the homeless because he felt people would become dependent on the government.
True
The Federal Emergency Relief Administration (FERA) did what?
•provided direct relief for the needy
October 29, 1929 is also known by this name.
What is Black Tuesday?
After the stock market crash, people rushed to their banks causing this.
What is Banks closing down/Bank runs?
He was the United States president that gave "relief" to the people during the Great Depression.
Who is Franklin D. Roosevelt
In what decade did the Great Depression mostly occur?
What are the 1930's?
What was FDR's plan to get out of the Depression called?
What is the New Deal?
The capital (money) raised by a business or corporation through the issue and subscription of shares.
What are Stocks.
True or False: The Great Depression was an economic downturn that occurred world-wide.
TRUE
This event is often considered to be the starting point of the Great Depression.
What is the stock market crash of 1929?
Which term was used for the region of the American mid-west that suffered a devastating drought full of huge dirt storms during the 1930's.
What is the Dust Bowl?
A certificate from a business that promises interest paid on a loan.
What are Corporate bonds.
During the Great Depression, people would line up at ____________ to get food. These were normally run by charities.
What are soup kitchens/breadlines?
Freedom from government intervention and focus on individual entrepreneurship, enterprise, and volunteerism. Promoted by President Hoover.
What is Rugged Individualism.
The protection of money in ________ is one of the lasting effects of the Great Depression.
What are banks?
This act was passed under FDR that gives payment to the elderly and disabled.
The Social Security Act
This group demanded that Hoover authorize early payment of a promised military bonus.
What is the Bonus Army?
The three R's during the New Deal stand for...
Relief
Recovery
Reform
What are Fireside Chats.
What Act was created to raise prices of farm products?
The Agricultural Adjustment Act (AAA)
As a result of the failure of their farms due to the Dust Bowl, many people moved to _____ to find farming work.
The West / California
Buying for a small down payment with borrowed money, with the intention of quickly selling at a much higher price before the remaining payment came due.
What is Buying on the Margin.
The value of all goods and services produced in one country during a specific period, usually a year or part of a year.
What is Gross Domestic Product (GDP).
This program gave some three million young men federally funded jobs improving public lands, forests, and parks.
What is the Civilian Conservation Corps (CCC)
This senator gave the Share our Wealth speech and gained popularity.
Who is Huey Long?
Which amendment moved inaugurations up to January, but did not apply to election of 1932)
the 20th amendment
List 3 Causes of the Dust Bowl
1. What is a drought
2. What is high winds
3. What is over farming
4. What is loss of prairie grasses
Companies were under the assumption that they were making a lot of money because they were selling a lot of products. However, this wasn't true because most people got their products using ______ ______ and did not make their payments.
installment plans / buying on credit
The ____ _____ is where brokers and traders can buy and sell stocks.
Stock Market
This major event followed the Great Depression.
What is World War II?
She was Franklin Roosevelt's wife.
Who is Eleanor Roosevelt?
Which Amendment was passed that repealed Prohibition?
the 21st amendment
He was the only U.S. President to serve 4 terms.
Who is Franklin D. Roosevelt?