More products were manufactured than people could buy
What is overproduction
100
Roosevelt's program for pulling the U.S. out of the Great Depression
What is the New Deal
100
Roosevelt divided his New Deal measures into the three R's
What are: Relief, Recovery, and Reform
100
Democrat; won the Presidency in a landslide election in 1932
Who is FDR
100
fiat money
What is paper money
200
Buying now with the hopes of selling the purchase later at a higher price
What is speculation
200
Once one of the most respected men in the U.S., he became one of the most despised
Who is President Herbert Hoover
200
Roosevelt's first Relief measure; closed all the nation's banks and reopened them only after they passed government inspection
What is the Bank Holiday
200
Great Depression writer, author of The Grapes of Wrath
Who is John Steinbeck
200
controls the ability of banks to lend money
What is the Federal Reserve Act 1913
300
Paying 10% of the stock price at purchase and paying the remainder when the stock is sold
What is buying on the margin
300
Compare the approach of Hoover & FDR to the crisis that was the Great Depression
President Hoover supported the traditional view of laissez-faire and believed in the idea of volunteerism;
President Roosevelt supported more government involvement in solving the crisis
300
Created federal jobs by building public projects, such as schools, roads, courts, post offices and bridges
What is the Public Works Administration 1933
300
Political activist who supported women's rights, peace, and the poor
Who is Eleanor Roosevelt
300
What was the guiding principle of New Deal economic policies?
The government should assume greater responsibility for helping the unfortunate
400
Bankers invested depositors' money poorly
What is shaky banking
400
During the New Deal period, Congress blocked President Roosevelt's attempt to appoint additional Justices to the Supreme Court; it became known as this-
What is the court-packing scheme
400
This gave jobs to young men, such as planting trees; the men lived in camps and received free food
What is the Civilian Conservation Corps
400
Anti-Semitic Cathlic priest who called for the nationalization of utilities
Who is Father Coughlin
400
What was Roosevelt's goal in creating the Federal Deposit Insurance Corporation (FDIC)?
To restore the public's faith in financial institutions
500
Americans raised tariffs, and Europeans retaliated with high tariffs in return, leading to---
What is restricted international trade
500
Established the Reconstruction Finance Corporation in order to provide emergency loans to banks
Who is President Herbert Hoover
500
These measures were aimed at remedying the defects in the structure of the American economy
What are Reform measures (Tennessee Valley Authority, Social Security Act
500
Compare the promises of Huey Long and Dr. Francis Townsend
Huey Long: promised each family $5,000 a year, financed by taxing the rich;
Townsend: wanted to give citizens 65 & over a $200 montly pension to stimulate the economy
500
How did the government attempt to improve conditions for farmers during the New Deal?
Agricultural Adjustment Acts:
By paying farmers for their crops (first AAA);
Second AAA- the government purchased farm products and stored them in warehouses until the price went up