Causes
What is buying on credit or on the installment plan?
The first response of Pres. Hoover to the collapse of the stock market in October of 1929.
What is faith in the business cycle or the reinvestment in stocks due to low prices?
This stopped the bank panic and tried to reassure Americans in banking.
What is the Emergency Banking Act?
This is the name given to the major US law that legalized union organization.
What is the National Labor Relations Act or the Wagner Act?
This person represented the outreach to women and minority communities for the New Deal administration.
What was the role of Eleanor Roosevelt? Or who was Eleanor Roosevelt?
This caused a huge stockpile of durable goods, such as cars and refrigerators.
What is overproduction in the late 1920s?
This was the name given to shanty towns and shacks that sprung up in cities across the nation.
What are Hoovervilles?
What are fireside chats?
This is still to this day the largest peacetime jobs program in U.S. history.
What is the WPA (Works Progress Administration)?
This event lead to massive employment and ended the Great Depression fully.
What is WW2?
This country was the first to plunge into the Great Depression and the first to recover.
What is Germany?
This is the tax on imported goods, especially farm goods, that the Hoover Administration signed into law that hurt the economy even further.
What is the Smoot-Hawley (or Hawley-Smoot) tariff?
This law tried to regulate poor banking practices and set up a corporation to insure checking and savings accounts.
What is the Glass-Steagall Act?
This law replaced the AAA when it was declared unconstitutional?
What is the Soil Conservation and Domestication Act or the SCDA?
The FDIC and SSI represent this type of New Deal programs.
What are "insurance" programs set up by the New Deal; the are also "entitlement" programs because they entitle the insuree benefits.
The over-purchasing of stock in the late 20s, based on little or no research into the value of the companies.
What is stock speculation?
This event showed both the plight of young veteran families and lead to bloodshed and horrible press as Hoover was running for president again in 1932.
What is the plight of the Bonus Army march on Washington?
The Truth in Securities Act set up this stock market regulation agency.
What is the SEC or Securities and Exchange commission?
This doctor pushed for a program to help the elderly who had lost their savings in the Great Depression and this is the program that was created to provide a safety net for the elderly.
Who is Dr. Townsend and what is Social Security?
A main reason why the New Deal did not create a full welfare system.
What was a fundamental belief that aid programs of the New Deal should not provide a direct benefit to those still in their working years, but jobs and training only?
When people take all their monies from their bank out of fear.
What is a "run on the banks" or a "bank panic"?
Hoover finally asked Congress for monies for major works projects and to shore up corporations and set up this funding group.
Reconstruction Finance Corporation.
The two main ways that FERA distributed aid to places in need in the United States.
What are grants of monies to states for direct aid and jobs programs, such as the CCC?
This program saw 90% of rural America on the electric grid by 1945.
What is the REA or Rural Electrification Act?
The first program provided assistance to farmers trying to save their farm mortgage, the second program provide assistance once a farm was abandoned.
What is the Farm Credit Assocation (FCA) and the Resettlement Administration under the Farm Security Administration (FSA)?