Great Depression 1
What ushered in the Great Depression?
The stock market crash
What area of the country did the Dust Bowl affect?
The Great Plains
What have many historians pointed to that helped bring an end to the Great Depression?
Production during and through World War II
What was the "Bank Holiday"?
Closed ALL banks/ 4 day “Bank Holiday”
Emergency Banking Relief Act- Passed by Congress, allowed only sound banks to reopen, the rest remained closed
One of the main goals of the New Deal
Regulate the Stock Market, Decrease Unemployment, Fix the Banks, Save Farms, Build Infrastructure
What were Shantytowns?
What were they also know as?
Make shift homes for homeless people
What 2 underlying issues led to the Great Depression?
Overproduction, high unemployment, massive poverty, buying on credit, unequal distribution of wealth, and Bank Closures
Result of Black Tuesday
businesses went bankrupt, people lost life savings
What was the national average unemployment rate during the Great Depression?
25%
What were the New Deal Goals based in (3 R's)?
relief, recovery, and reform
President during the beginning of the Great Depession ?
Herbert Hoover
Who was James Braddock and provide 1 example of how his family suffered during the Great Depression
Boxer
lost job, foreclosed home, add water to milk, overdue bills, lack of food, unemployment, sent kids away
Why did banks close during the Great Depression?
Bank runs and risky investments
DAILY DOUBLE
How did the FDIC (Federal Deposit Insurance Corporation) aim to help banking?
Insure bank deposits
Increase public trust in banks
What was the main goal of the Agricultural Adjustment Act?
What is raise prices of farm goods?
What does "buying on margin" mean
paying a small percentage of a stocks as a down payment and borrowing the rest.
Who was Dorothea Lange?
photographer hired by FDR to take pictures of the Great Depression's effect on the American public
How did the New Deal desire to help industry?
stop wage cuts, stop lay offs, provide minimum wage, unions, create jobs
What New Deal Act created public work jobs for young men ?
Civilian Conservation Corps (CCC)
What are Fireside Chats ?
radio speech given by FDR.
What is the date of Black Tuesday ?
October 29, 1929
How long did Great Depression last ? Through what years ?
10 years and 1929-1939
What act provided aid to unemployed people and the elderly ?
Social Security Act
"100 Days" refers to
The first three months of FDR's first term in office
How many terms did Franklin D Roosevelt serve as president?
four