Causes and Effects of the Great Depression
What is the name of the day that the stock market crashed?
Black Tuesday or Black Thursday
The Man who promised a “New Deal” for America
FDR (Franklin Delano Roosevelt)
What area was most affected by the Dust Bowl
Northern Texas, Oklahoma, Kansas, Nebraska
(Great Plains region)
What caused the Banks to fail?
People did not trust the banks and tried to get their savings, banks had loaned the money out and could not give people their money
What is buying on margin?
Borrowing money to pay for the stock
What are the three goals of the New Deal (Bonus points define them)
Relief (Immediate aid), Reform (long-term crisis prevention), Recovery (Restart the Economy)
What caused the Dust Bowl
Drought, high winds, and overproduction of crops
Why did bank failures spread so rapidly?
Widescale mistrust in banks, no insurance against closing, banks' inability to give people their savings
What action did President Hoover take to help the depression? Did it help?
Hawley-Smoot Tariff
This Program set up systems to help the elderly and people with disabilities
Social Security Administration
Why did farmers move out of the area affected by the Dust Bowl?
inability to grow crops
How did FDR give immediate aid to the banks?
Briefly close them for a four day holiday
Which of the following was not an effect of the Great Depression?
Many men became unemployed
Many children had a poor diet
Many people started farming
Many families became homeless
Many people started farming
This program was created to monitor the stock market and prevent fraud and insider trading
Securities and Exchange Commission SEC
What are some of the major environmental consequences of the Dust Bowl?
Dust storms and changing landscapes
What do banks do with the money you deposit?
Loan it out
What were some of the long-term effects of the great depression
Greater influence of the federal government
debate of deficit spending
long-term Government Programs
more presidential power
How did FDR's New Deal try to end the great depression?
Create Jobs, create systems to prevent another collapse, fix the banks
What major issues did the dust storms cause?
trouble breathing, getting lost, etc.
This Program was created to inspect banks and provide insurance up to $5,000 in savings in the event of a bank closure
Federal Deposit Insurance Corporation FDIC