Great Depression
To buy stocks or products with money you don't have
What is buying on credit
This was the only public works project that Hoover sanctioned. Led to the growth of Las Vegas
What is the Hoover Dam
He was elected to ______ terms, prompting a constitutional amendment
What is four
What act was designed to ease the financial hardships of the elderly and encourage them to retire?
What is the Social Security Act
This event was the catalyst that started the snowball effect of the Great Depression
What is Black Tuesday (stock market crash 1929)
Unlike Hoover, FDR favored this type of economic approach
What is direct intervention
How did the government treat the "bonus army" after the failure of the "putnam bill?"
They gassed the veterans and burned their shanties
Who was the bonus army and what were they marching for?
Unemployed WW1 vets marching for an early $1000 bonus
This program employed young men to improve the country's public lands during the Great Depression
What is the Civilian Conservation Corps
Hoover didn't want to directly help Americans because he believed in this governmental philosophy on economic intervention
What is laissez faire or hands off
When the supreme court did not follow what FDR wanted, he proposed to do what?
Pack the court with favorable judges
What was one practice that farmers used to help solve the dust bowl?
What is crop diversification, planting millions of trees, or crop rotation
What is speculation
FDR followed this Keynesian economic strategy, which argues that providing government jobs and direct aid will stimulate the economy by giving consumers more money to spend
What is pump priming
Why were critics so against FDR's court packing scheme?
They argued that it would give the president power over the supreme court
As a result of the New Deal policies, this organization has continuously grown in power ever since
Who is the federal government
This reform program protects bank's assets against failure from bank runs through insuring deposits
What is the Federal Deposit Insurance Corporation
Hoover believed in this personal philosophy that argued Americans were self-sufficient and could pull themselves out of the depression through hard work and determination
What is rugged individualism
What were FDR's "fireside chats?"
Usage off mass radio broadcasts to spread propaganda
What were the four main causes of the Dust Bowl?
What is drought, monoculture farming, overgrazing, and wind storms