Causes
What is the name and day of 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 were the 3 major goals of the New Deal?
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
What reform programs are still around today?
SSA, SEC, and FDIC
What is it called when you borrow money in order to buy more stock?
Buying on margin
During the Depression many people lost their homes. They built small homes called shanties out of cheap materials. What were towns of these shanties called?
Hoovervilles
This Act in 1935 provided (and still provides today) money for people after they have retired.
Social Security Act
FDR wanted to add more justices to the Supreme Court so that he could appoint justices who supported his policies was know as
Court Packing Plan
This event officially ends the great depression
A cause of the Great Depression was the _________ distribution of income.
Unequal
Who won the election of 1932?
FDR
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
What happened to the United States banks after the stock market crash?
The banks ran out of money and were forced to shut down
What percent of people were unemployed during the height of the depression?
~25%
Why was President Hoover known as a failure?
He believed the economy would regulate and fix itself
What raised national debt?
Deficit Spending
Strong self-reliance, individuals can overcome the difficulties of the depression
Rugged Individualism
The act that raised tariffs on foreign goods to protect American Industry but it ended up hurting US economy
Smoot Hawley Tariff