Causes of the GD
This government policy raised import taxes, causing other nations to retaliate and sharply reducing international trade.
What is a tariff?
Millions of Americans lost their jobs as factories closed and production slowed across the nation
What is widespread unemployment?
This president believed the federal government should play a limited role in fixing the economy and relied heavily on private charities.
Who is Herbert Hoover?
Because of the New Deal, this level of government became far more powerful and involved in everyday life.
What is the federal government?
This New Deal program put young men to work building parks, planting trees, and conserving natural resources.
What is the CCC?
Factories produced far more goods than consumers could afford to buy, leading to layoffs and falling profits.
What is overproduction?
Thousands of financial institutions collapsed, wiping out people’s life savings overnight.
What are bank failures?
This idea emphasized citizens and businesses helping one another instead of direct government aid during the Great Depression.
What is volunteerism?
During the Great Depression, this branch of government gained greater influence by directly managing economic recovery programs.
What is the executive branch (the presidency)?
This agency gave unemployed Americans jobs building roads, schools, and bridges across the nation.
What is the WPA, Works Progress Administration
Many investors borrowed money to gamble on the stock market, believing prices would rise forever.
What is speculation?
With no steady income and no place to live, many families were forced to live in these, shantytowns with homes made of metal sheets and cardboard.
What are Hoovervilles?
This president launched the New Deal, focusing on Relief, Recovery, and Reform to fight the Great Depression.
Who is Franklin D. Roosevelt?
Under the New Deal, the relationship between these two groups changed as the government began regulating wages, banks, and working conditions.
What are government and businesses?
This program provided monthly retirement payments to elderly Americans for the first time in U.S. history.
What is the SSA (Social Security Administration / Social Security Act)?
During the 1920s, wealth became concentrated among the rich while most workers earned low wages.
What is unequal distribution of wealth?
Unable to sell products or repay loans, countless companies shut their doors and farmers lost their land.
What is the collapse of businesses and farms?
This group of government programs—including the CCC, WPA, Social Security, FDIC, and TVA—expanded the federal government’s role in the economy.
What is the New Deal?
For the first time, this group came to rely on the federal government for jobs, retirement income, and financial protection.
Who are citizens?
This New Deal agency insured Americans’ bank deposits and restored trust in the banking system.
What is the FDIC, Federal Deposit Insurance Corporation?
This 1929 financial disaster wiped out billions of dollars in value and shattered public confidence in the economy.
What is the Stock Market Crash?
As demand dropped nationwide, prices fell across the economy, making it harder for businesses to survive and pay workers.
What is deflation?
This New Deal program put young men to work planting trees, building trails, and improving national parks.
What is the Civilian Conservation Corps (CCC)?
After the New Deal, the federal government accepted permanent responsibility for protecting jobs, banks, and this part of American life—even during future crises.
What is the economy?
This program brought electricity and flood control to the rural South through massive construction projects.
What is the TVA, Tennessee Valley Authority?