Causes of Great Depression
Franklin Delano Roosevelt
Vocabulary
Alphabet Soup
Odds and Ends
100
This took place in 1929 and is considered the start of the Great Depression since many people lost all of their money in it
What is the Stock Market Crash
100
What was the name of his plan he created to help improve the economy
What is the "New Deal"
100
Which type of New Deal programs were VERY temporary ways to get people working and get money in their pockets. (The answer is one of the Rs)
Relief
100
This the agency which helped stop the flooding in the Tennessee Valley. ___ ____ A
What is the TVA
100
October 29, 1929 is known as this.
Black Tuesday
200
This President thought that by doing nothing the economy would get better because the economy goes up then down then back up
What is Herbert Hoover
200
What were the 3 R's of Roosevelt's New Deal?
Relief, recovery, and reform
200
This type of program was a permanent fix that changed how the economy operated.
Reform
200
This Agency paid farmers NOT to grow their crops in order to raise the price of crops. This doubled the prices of Crops before being declared unconstitutional in 1936. ___ ____ A
What is AAA
200
What would you call a group of cardboard houses set up in a public park or street alley?
What is a Hooverville
300
What happened to the United States banks after the stock market crash?
The banks ran out of money. (They gave out IOU's instead)
300
While Hoover thought business and charities should help alleviate the Depression, FDR thought this was the answer.
What is government
300
These New Deal programs were longer term, but not permanent fixes.
Recovery
300
This Act in 1935 provided (and still provides today) money for people after they have retired.
What is Social Security
300
Name 1 way Herbert Hoover was different from FDR
He was hands off, while FDR wanted government to step in.
400
What is overproduction
What is when a company makes more products (TVs, Cars, Radios, etc) than people are willing to buy.
400
What was 1 immediate effect of Roosevelt's New Deal
Lower unemployment, fewer bank closings, less business failures
400
This is the practice of the government spending more money than it actually has. It started with FDR and the New Deal
Deficit Spending
400
This agency build public airports, sewers, roads, schools, and other buildings. It spent over 10.5 Billion dollars and employed 3.8 Million men. W ____ ____.
What is the WPA
400
What was the name of the drought that caused many farmers in the great plains to have terrible harvests in the 1930's?
What is the dust bowl
500
What is it called when you borrow money in order to buy more stock?
What is "buying on margin" or "Doubling Down" or On Margin
500
Name 1 long-term effect of the New Deal.
Larger government, deficit spending, SSA, FDIC
500
This theory said that business should run without government interference.
Laissez Faire
500
This group of men ages 18 - 26 learned forestry skills t help improve our national forest and national parks during the 1930's. ___ ____ C.
What is the CCC
500
What 2 states were most affected by the Dust Bowl?
Texas and Oklahoma