Great Depression 1
He was the United States president that gave "relief" to the people during the Great Depression.
Who is Franklin D. Roosevelt
After the stock market crash, people rushed to their banks causing this.
What is Banks closing down/Bank runs?
The purchase of a share of a company?
What is buying stock?
The period in a business cycle when the economy is booming, people who want jobs can find them and demand for goods and services is high.
Peak
Which New Deal Program provided young men with jobs on environmental conservation projects?
Which term was used to 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?
This event is often considered to be the starting point of the Great Depression.
What is the stock market crash of 1929? (Black Tuesday)
What caused the Dust Bowl?
drought and bad farming techniques
Period in business cycle when times are hard, jobs are difficult to find and businesses fail.
Trough
Period in business cycle when economy begins to recuperate, business and consumer spending begin to increase.
Expansion
What is a long period of time of high unemployment and low economic demand?
economic depression
What is the practice of buying stocks with up to 90% of the money being borrowed and the rest from a person's own money called?
buying on margin
Photograph taken by Dorothea Lange that has come to represent the Great Depression.
Migrant Mother
President Hoover's policies during the Great Depression shows his belief that?
A) The government should never become involved in the economy.
B) The government should step in and help in the economy.
C) The Great Depression was caused by labor union strikes.
D) None of the Above
A) The government should never become involved in helping the economy.
Which agency was created to generate electric power and control floods around the Tennessee River Valley by building dams (which created electricity and jobs).
Tennessee Valley Authority (TVA)
President at start of Great Depression, misread the signs and focused on rugged individualism rather than helping people.
Herbert Hoover
What was it called when banks gave out bad loans that drained cash out of people's savings accounts and when depositors asked for their cash, the banks didn't have it to give back to them? This caused banks to go bankrupt.
bank failures
What were the series of government programs that FDR put in place to help end the Great Depression called? This also increased the size of the government.
the New Deal
This is a condition in which the production of goods exceeds the demand for them, which causes their value to decrease.
overproduction
What was the federal guarantee of savings bank deposits called (a limit of $250,000)?
Federal Deposit Insurance Corporation (FDIC)
Name two causes of the Great Depression
--overproduction
--overuse of credit
--buying stocks on margin
--risky bank loans
--gap between rich and poor
--weak banking system
--shaky corporate organization
This law guaranteed payments for enrolled workers beginning at age 65 who retired
Social Security Act
bank holiday
President FDR's policies during the Great Depression shows his belief that?
A) The government should never become involved in the economy.
B) The government should step in and help in the economy.
C) The Great Depression was caused by labor union strikes.
D) None of the Above
B) The government should step in and help in the economy.
Period in business cycle when businesses may lay of workers and reduce spending on raw materials and reduce production because of excess inventories.
Recession